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The California Air Resources Board (CARB) released its May 18, 2016 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 7,260,000 metric tons of the 2016 allowances and 914,000 metric tons of the 2019 allowances; both the 2016 and 2019 allowances sold for a settlement price of $12.73 per metric ton, the same as the February 2016 Joint Auction.  The next joint auction is planned for October 4, 2016 as noticed on the ARB Cap-and-Trade website.

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