The California Air Resources Board (ARB) released its May 16, 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 75,311,960 metric tons of the 2017 vintage allowances and 2,117,000 metric tons of the 2020 allowances. The 2017 allowances sold for a settlement price of $13.80 per metric ton and the 2020 allowances sold for a settlement price of $13.57 per metric ton.

For any additional questions, please contact Steve Walters at (949) 567-9880 X-118.