California and Quebec release summary results from 43rd joint cap-and-trade allowance auction

California and Quebec release summary results from 43rd joint cap-and-trade allowance auction

SACRAMENTO – Today at noon (PST), California and Quebec released the results of the 43rd joint cap-and-trade auction of carbon allowances from both jurisdictions. The final numbers include sales figures and settlement prices for Current Vintage (2023 & 2025) and Advanced Vintage (2028).

California dedicates nearly $33 billion to climate solutions, using money from the Cap-and-Trade Program

What You Need to Know: A new report details nearly $33 billion raised for climate projects by cap-and-trade, as Governor Gavin Newsom and Democratic legislative leaders seek an extension of the program. 

SACRAMENTO – Nearly $33 billion has been raised to fund climate solutions in communities across the state with money from the state’s Cap-and-Trade Program, according to a new report published by the California Air Resources Board (CARB).