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Climate Beat

States: California-Quebec GHG auction prices dip slightly

November 27, 2019
Prices for greenhouse gas allowances in the latest California-Quebec cap-and-trade program auction dipped slightly from the prior auction in August, though all 9 million advance vintage credits sold out, potentially indicating that regulated entities and carbon traders expect the market to stay strong in the years to come, some experts say. According to a summary of the Nov. 19 auction results released Nov. 26 by the California Air Resources Board (CARB), 67.4 million current-year vintage allowances sold at $17 apiece...

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