At 12:00 p.m. (PST) today, the California Air Resources Board (ARB) released the results of the seventh quarterly auction of carbon allowances under the AB 32 cap-and-trade program. The auction was conducted on May 16th.
Below you will find the top-line results of the auction. We will continue to provide updates, including reaction to the auction in the secondary market, in subsequent blog posts. Please contact Evolution Markets' US Carbon Markets Team at: +1 415.963.9137 or +1.914.323.0265, for more details on the auction or to transact in the market.
|Allowances Available for Auction|
|Vintage 2014 (Current Auction)|
|Bids/Available for Sale Ratio:||1.46|
|Vintage 2017 (Advance Auction)|
|Bids/Available for Sale Ratio:||.44|