ARB releases May 2016 auction notice

March 21, 2016 by Rohan Nongpiur

CaliforniaCarbon.info, March 21, 2016: Late last week, ARB issued the official auction notice for the 7th joint WCI auction of allowances, which will take place on May 18, 2016.

In the current auction 67,675,951 allowances will be offered, while the number of allowances that will be available for sale in the advance auction is 10,078,750. The auction reserve price will be set at $12.73 USD and $12.82 CAD for California and Quebec, respectively.

The deadline for auction applicants is the 18th of April, whereas the auction results will be announced a week after on May 25, 2016.

Rohan Nongpiur (rohan@californiacarbon.info)

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