The California Air Resources Board (CARB) released its August 20, 2019 joint auction results for greenhouse gas (GHG) allowances between CARB and Québec's ministère de l'Environnement et de la Lutte contre les changements climatiques (Ministry of the Environment and the Fight against Climate Change, MELCC). The auction sold 1,915,055 metric tons of 2016 & 2017 vintage allowances, 64,374,460 metric tons of the 2019 vintage allowances, and 9,038,000 metric tons of the 2022 advance vintage allowances. The 2016, 2017, and 2019 allowances sold for a settlement price of $17.16 per metric ton and the 2022 allowances sold for a settlement price of $16.85 per metric ton.

For any additional questions, please contact our Irvine office at (949) 567-9880.