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The California Air Resources Board (CARB) has released a notice for the Joint Auction of Greenhouse Gas Allowances, scheduled for November 19, 2019. The joint auction is 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).

At the auction, 67,435,661 current allowances and 9,038,000 advance allowances will be for sale. Both current and advance allowances will sell for $15.62 USD per metric ton.

More information can be found in the Auction Notice. For any additional questions, please call Trinity Consultants' Irvine office at (949) 567-9880.