North American Windpower: CARB Announces Results Of California's First Cap-And-Trade Auction

CARB Announces Results Of California's First Cap-And-Trade Auction

by NAW Staff on Tuesday 20 November 2012

The California Air Resources Board (CARB) has announced the results of the state's first cap-and-trade auction of California carbon allowances, which was held Nov. 14.

The final numbers include sales figures and the settlement price for 2013 and 2015 vintages. The 23,126,100 allowances offered for the 2013 vintage sold out, at $10.09 per allowance. For the 2015 vintage, 5,576,000 of the 39,450,00 allowances were sold, at $10 per allowance.

"The auction was a success and an important milestone for California as a leader in the global cleantech market," says CARB Chairwoman Mary D. Nichols. “By putting a price on carbon, we can break our unhealthy dependence on fossil fuels and move at full speed toward a clean energy future.”

Details on the results of the auction are available here.

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