On November 22, 2013, the California Air Resources Board (CARB) released the results of its fifth auction for greenhouse gas (GHG) allowances which was held on November 19, 2013. The results detail the number of allowances sold, the settlement price, and other market statistics in the auctions for the 2013 and 2016 vintage allowances. All 16,614,526 metric tons of 2013 allowances that were available for sale were sold. The settlement price was $11.48 per metric ton which is a decrease from the August 2013 Auction's price of $12.22 per metric ton. All 9,560,000 metric tons of 2016 allowances that were available for sale were also sold. Like in the August 2013 Auction, the settlement price was $11.10 per metric ton. Similar to the prior auction, the 2013 and 2016 allowances were sold above the reserve price of $10.71 per metric ton. The next quarterly auction is scheduled for February 19, 2014.