California and Quebec release summary results from 31st joint cap-and-trade allowance auction

SACRAMENTO – Today at noon (PST), California and Quebec released the results of the 31st joint cap-and-trade auction of carbon allowances from both jurisdictions. The final numbers include sales figures and settlement prices for 2016, 2020 and 2022 (current) and 2025 (advance) vintages.

Current Vintage

Number offered: 58,331,300
Number sold: 58,331,300
Settlement Price: $30.85

Advance Vintage

Number offered: 7,942,750
Number sold: 7,942,750
Settlement Price: $28.13

Detailed Results (https://ww3.arb.ca.gov/cc/capandtrade/auction/auction.htm)

CARB's mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. CARB is the lead agency for climate change programs and oversees all air pollution control efforts in California to attain and maintain health-based air quality standards.