The California Air Resources Board (CARB) has released a notice for the Joint Auction of Greenhouse Gas Allowances, scheduled for August 20, 2019. The joint auction is between CARB and Québec's Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate Change, MDDELCC). At the auction, 66,289,515 current allowances and 9,038,000 advance allowances will be for sale. Both current allowances and advance allowances will sell for $15.62 USD per metric ton. The auction will be held on an online platform at https://www.wci-auction.org/ca.

More information can be found in the Auction Notice. For any additional questions, please contact Candy Tong at (916) 440-8294, or at ctong@arb.ca.gov.