This page last reviewed November 21, 2014

Joint Auctions


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 will be held in November 2014.  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).

November 2014 Joint Auction #1  

The November 2014 joint auction which was previously scheduled for November 19, 2014, has been rescheduled for 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