California Air Resources Board

02/25/2026 | Press release | Distributed by Public on 02/25/2026 16:49

California and Quebec release summary results from 46th joint cap-and-invest allowance auction

SACRAMENTO - Today at noon (PST), California and Quebec released the results of the 46th joint California Cap-and-Invest and Quebec Cap-and-Trade auction of carbon allowances from both jurisdictions. The final numbers include sales figures and settlement prices for Current Vintage allowances (2024, 2025, and 2026) and Advanced Vintage allowances (2029).

Current Vintage

Number offered: 59,975,757

Number sold: 54,975,757

Settlement price: $27.94

Advance Vintage

Number offered: 6,481,750

Number sold: 6,263,000

Settlement price: $27.94

Detailed Results

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