This page last reviewed December 19, 2014

Joint Auctions

Background

On January 1, 2014, the California Cap-and-Trade Program and Québec Cap-and-Trade System officially linked, which enabled mutual acceptance of compliance instruments issued by each jurisdiction, and the jurisdictions to hold joint auctions of greenhouse gas (GHG) allowances. 

As part of California’s Cap-and-Trade Program and the Québec Cap-and-Trade System, the California Air Resources Board (ARB) and Québec’s ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate Change) (MDDELCC) will hold joint GHG allowance auctions to allow market participants to acquire GHG allowances.  

The first joint GHG allowance auction was held in November 2014.  The next joint auction is scheduled for February 2015.  Auction notices are posted to the jurisdiction websites 60 days prior to each auction, as called for in the California Cap-and-Trade Program Regulation (California Regulation) and the Government of Québec Regulation respecting a cap-and-trade system for greenhouse gas emission allowances (Québec Regulation).

February 2015 Joint Auction #2 

The February 2015 joint auction will be held on Wednesday, February 18, 2015, from 10:00 AM to 1:00 PM Pacific Time (PT) / 1:00 PM to 4:00 PM Eastern Time (ET).

Joint Auction Date  Joint Auction Materials  Joint Auction Results 
February 2015 Joint Auction #2
February 18, 2015


10:00 AM to 1:00 PM (PT) /
1:00 PM to
4:00 PM (ET)

Auction Participant Training Webinar  

As listed in the Auction Schedule provided in the Auction Notice, the next Auction Participant Training Webinar to be conducted by ARB is scheduled for Thursday, January 8, 2015, from 10:00 AM (PT) to 12:00 PM (PT) / 1:00 PM (ET) to 3:00 PM (ET).  An auction participant training presentation will be posted the morning the auction participant training webinar is held.  The presentation provides information regarding the auction format and application process, procedures, and requirements, as well as how to apply for an auction and submit bids in the Auction Platform.  The presentation also provides information on how to submit a bid guarantee.

  • Auction Participant Training Presentation (to be posted on Thursday, January 8, 2015)

November 2014 Joint Auction #1  

The November 2014 joint auction was held on Tuesday, November 25, 2014, from 10:00 AM to 1:00 PM Pacific Time (PT) / 1:00 PM to 4:00 PM Eastern Time (ET).

Please refer to the Rescheduled Joint Auction Factsheet for further information.

Joint Auction Date  Joint Auction Materials  Joint Auction Results 
November 2014 Joint Auction #1
November 25, 2014


10:00 AM to 1:00 PM (PT) /
1:00 PM to
4:00 PM (ET)

Auction Participant Training Presentation 

The auction participant training presentation for the November 2014 Joint Auction #1 provides information regarding the auction format and application process, procedures, and requirements, as well as how to apply for an auction and submit bids in the Auction Platform.  The presentation also provides information on how to submit a bid guarantee.




For questions or comments, please contact Chuck Seidler at (916) 324-0931

 
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