On August 21, 2014, the California Air Resources Board (CARB) released the results of its eighth auction for greenhouse gas (GHG) allowances, which was held on August 18, 2014. The results detail the number of allowances sold, the settlement price, and other market statistics in the auctions for the 2014 and 2017 vintage allowances. All 22,473,043 metric tons of 2014 allowances that were available for sale were sold. The settlement price was $11.50 per metric ton which remained the same from the May 2014 auction. 6,470,000 of the 9,260,000 vintage 2017 allowances that were available for sale were sold. Similarly, the settlement price remained the same as the May 2014 auction at $11.34 per metric ton, which was also the reserve price. The next auction is planned for November 2014.

For any additional questions, please contact Steve Walters at (949) 567-9880.