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). 

California awards record $20.9 million to expand community-led air monitoring and protection

What You Need to Know: 
The California Air Resources Board (CARB) awarded a record $20.9 million from the Community Air Grants program to 43 nonprofit community groups and four Tribes to carry out a total of 51 projects. Funded by cap-and-trade dollars, these projects support air monitoring and pollution reduction in California’s most impacted regions. Community Air Grants, help build capacity and partnerships to reduce air pollution in the communities that need it the most in California.  

State leaders to discuss annual report on cap-and-trade funded projects, highlight importance of program to California’s climate goals

SACRAMENTO - State leaders will hold a media briefing following the release of the California Air Resources Board’s (CARB) annual California Climate Investments report, which highlights spending funded through the state’s Cap-and-Trade Program. The program has raised nearly $33 billion for climate solutions since its inception and is critical to California’s ability to meet its climate goals. 

California’s Clean Truck and Bus Incentive Project Sees Record Growth as Zero-Emission Market Expands

What you need to know: California’s Clean Truck and Bus Voucher Incentive Project (HVIP) is surging with voucher redemptions skyrocketing 177% from 2023 to 2024. Early 2025 data shows continued momentum as fleet electrification accelerates statewide. 

SACRAMENTO – California’s transition to zero-emission transportation is accelerating faster than ever thanks to support from the state’s Clean Truck and Bus Voucher Incentive Project (HVIP).