Statement on California and Quebec joint cap-and-trade auction postponement
For immediate release
Date
Release Number
14-85
Contacts
SACRAMENTO - The first joint cap-and-trade auction will be rescheduled due to technical issues. Some market participants were able to access and submit bids in the auction platform while others were not. California and Quebec made a joint decision in consultation with the market monitor to reschedule the auction to ensure all market participants have equal and fair access to the auction. An announcement about the rescheduled auction date will be forthcoming.
CARB is the lead agency in California for cleaning up the air and fighting climate change to attain and maintain health-based air quality standards. Its mission is to promote and protect public health, welfare, and ecological resources through the effective reduction of air and climate pollutants while recognizing and considering effects on the economy.