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The California Air Resources Board (ARB) released its February 22, 2017 joint auction results 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 sold 11,673,000 metric tons of the 2014/2017 vintage allowances and 701,000 metric tons of the 2020 allowances; both the 2014/2017 and 2020 allowances sold for a settlement price of $13.57 per metric ton.

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