California & Quebec release results for 20th joint cap-and-trade auction

SACRAMENTO — Today at noon (PDT), California and Quebec released the results of the 20th joint cap-and-trade auction of carbon allowances from both jurisdictions. The final numbers include sales figures and settlement prices for 2016, 2017 & 2019 (current) and 2022 vintages (advance).

Current Vintage

Number offered: 66,289,515
Number sold: 66,289,515
Settlement Price: $17.16

Advance Vintage

Number offered: 9,038,000
Number sold: 9,038,000
Settlement Price: $16.85

Detailed results on the auction are available (https://ww3.arb.ca.gov/cc/capandtrade/auction/auction.htm), including maximum and minimum bids placed.

CARB is the lead agency in California for cleaning up the air and fighting climate change to attain and maintain health-based air quality standards. Its mission is to promote and protect public health, welfare, and ecological resources through the effective reduction of air and climate pollutants while recognizing and considering effects on the economy.