On February 25, 2015, the California Air Resources Board (ARB) released the results of its second joint auction for greenhouse gas (GHG) allowances between ARB 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). The auction was held on February 18, 2015. The results detail the total allowances available for sale, total allowances sold, the settlement price, and other market statistics in the auction for the 2015 and 2018 vintage allowances. All 75,640,528 metric tons of 2015 allowances that were available for sale were sold. The settlement price was $12.21 per metric ton, an 11 cent increase from the first Joint Auction which occurred in November 2014. Similarly, all 10,431,500 vintage 2018 allowances that were available for sale were sold. The settlement price for 2018 allowances was $12.10 per metric ton, a 24 cent increase from the November 2014 auction. The next joint auction is planned for May 21, 2015. The auction notice is available on the ARB Cap-and-Trade website.
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