2025 Annual Auction Reserve Price Notice Categories Topics Climate Change Type Notice For more information visit Cap-and-Trade Program. Documents 2025_annual_reserve_price_notice_joint_auction NC-2025_ANNUAL_RESERVE_PRICE_NOTICE_JOINT_AUCTION.PDF · 154 KB Related Resources August 2025 Joint Auction #44 Notice California Post Joint Auction #43 Public Proceeds Report May 2025 Joint Auction #43 Summary Results Report