Glossary

Offset Pricing Monthly Market Digest – June 2020

Offset Pricing Monthly Market Digest – June 2020

Offset Pricing Monthly Market Digest – June 2020



Offset Supply Information:

All CCOs issued to date: 188.11 million
Compliance credits awaiting issuance: 22.24 million

CA and General Market Commentary:

  • ARB issued 2.05 million CCOs in June, a light month, and the ROC backlog decreased by over 1 million credits as new ROC issuances were low in June at 1.08 million.
  • ARB’s next auction will be in August.
  • ARB has announced that starting at the end of July, ARB will begin marking CCOs as “DEBs” or non-DEBs in their tracking software and reports. This will allow buyers to know whether the credits they are buying have been determined to meet the requirements.  Offset projects that are located in California will automatically be marked as “DEBs”, while other projects can petition to have a determination made if the developer believes they should qualify.
  • Due to ARB beginning to mark credits as “DEBs”, we would expect that the market will begin to differentiate between the two categories, and we will begin adding prices for both categories to this report if/when the market begins to price them differently.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.

Offset Pricing Monthly Market Digest – June 2020

Offset Pricing Monthly Market Digest – May 2020

Offset Pricing Monthly Market Digest – May 2020

Offset Supply Information:

All CCOs issued to date: 186.06 million
Compliance credits awaiting issuance: 23.48 million

CA and General Market Commentary:

  • ARB issued 11.6 million CCOs in May, a relatively high monthly total that substantially reduced the ROC backlog from 32.84 million last month to 23.48 million this month.
  • ARB announced the results of the May CCA auction on May 28th. The auction for both current and future vintage CCAs failed to sell out, so the clearing price was the minimum reserve price of $16.68.  The bid-to-cover ratio was .37, meaning that 37% of the auctioned current vintage allowances sold.  Given that CCAs on the futures market had traded below $16.68 during April and May, it was to be expected that entities would have limited need to purchase CCAs at this auction.
  • ARB’s next auction will be in August, and with CCA futures trading above the auction reserve price currently, a more fully-subscribed auction is likely in August.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation

PRESS RELEASE FOR IMMEDIATE DISTRIBUTION
FOR QUESTIONS CONTACT
Nancy Fuchs Marshall, Corporate Marketing Director
nmarshall@climeco.com or 484.415.7603

ClimeCo Enters Strategic Partnership with Restore the Earth Foundation


 

April 7th, 2020 (Boyertown, PA) – ClimeCo, a leader in the development and management of environmental commodities, is pleased to announce the formation of a strategic partnership with Restore the Earth Foundation, Inc. (Restore the Earth), a 501(c)(3) not-for-profit organization whose mission is to advance landscape-scale reforestation in the Mississippi River Basin, “North America’s Amazon.”  Born out of disaster from Hurricanes Katrina and Rita, Restore the Earth has secured funding to reforest over 60,000 acres along the Gulf Coast. Their present focus is restoring a million acres in the Basin, the most ecologically degraded area in the US.

“We are confident that with ClimeCo as a partner, we will assure the successful completion of this critical reforestation,” stated PJ Marshall, Founder & Executive Director of Restore the Earth.  “Once completed, 100 million trees will be planted, 200,000,000 MT of CO2e will be sequestered and over $12 billion in economic value will be generated.  Restoration at this landscape-scale ensures that biodiversity, habitats, and communities are enhanced and supported in self-sustaining systems.”

To help fund this initiative, Restore the Earth pioneered the development of the Climate Action Reserve’s Climate Forward Reforestation methodology.  The Climate Forward program is designed to accelerate action on climate change by encouraging companies and organizations to proactively invest today in projects that mitigate future greenhouse gas (GHG) emissions.  Restore the Earth’s initial project will reforest more than 5,000 acres of the historic bald cypress forest at the Pointe-aux-Chenes Wildlife Management Area in Terrebonne Parish, Louisiana, which is anticipated to sequester more than 1,000,000 tonnes of carbon dioxide equivalent.  The Climate Forward program provides a mechanism for Restore the Earth to quantify, verify, and register forecasted mitigation units (FMUs), which ClimeCo will market to voluntary buyers to help fund future reforestation efforts in the Basin.

“We are so excited to launch this partnership with Restore the Earth on what I view as the most significant reforestation program in North America, if not globally,” says William Flederbach, President of ClimeCo.  “The reforestation of North America’s Amazon is so critical to combatting climate change and provides so many additional environmental and social benefits to the region and nation.  Using the Climate Action Reserve’s Climate Forward Program is not only the best way to promote well-needed investments but is the perfect environmental instrument to align future reductions with an organization’s projected emissions.”

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com or through our website www.climeco.com.

       *The area in blue is the Lower Mississippi River Basin where our work to restore 1M acres is focused

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in California cap‐and‐trade, voluntary markets and project development, and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.

From the Desk of President & CEO – Bill Flederbach

From the Desk of President & CEO – Bill Flederbach

From the Desk of President & CEO – Bill Flederbach

To Our Clients & The Market –

During the COVID-19 pandemic, the ClimeCo team continues to strive to make a difference today for a better world tomorrow.  To that end, I wanted to share with you, our clients and partners, the steps that we have taken to date and the commitments that we are making going forward to ensure that we are here and available to support you and your businesses through these difficult days:

  • We have been planning for the prospect of a significant business interruption due to COVID-19 for well over a month. In early February, we started to encourage our employees to begin thinking about what they might need to sustain themselves and their families in the event of forced isolation.  This plan positioned us well for success in a work-at-home environment.
  • We instituted a work-from-home request for all employees over two weeks ago, which was prior to the local and state ordinances that have been implemented since. Because a significant portion of our North American team routinely works remotely, ClimeCo already had the management and communication systems in place to make this an easy transition.
  • ClimeCo continues to uphold our values by placing people over profit. We are fortunate to enter this crisis with a strong balance sheet and we remain committed to the welfare of our employees.  To that end, I am making a pledge to retain every member of our staff for a minimum of 90 days.  Throughout its history, ClimeCo has never laid off an employee and we do not intend to do so now!  This means that the team members that you have been working with will be here for you to continue working with.
  • As of this writing, every member of the ClimeCo team is healthy, available and dedicated to assist you by:
    • Providing our regulated clients with market intelligence while identifying unique market opportunities, and
    • Working with our project partners and the credit registries to ensure a smooth supply chain of carbon offsets for both our voluntary and compliance buyers.
    • Continuing our philanthropic efforts by seeking ways that we can help those businesses and individuals who are less fortunate during this time of need; please reach out to us if we can help!
    • From all of us here at ClimeCo, we hope that you and your loved ones are staying safe. We are dedicated to the health and safety of our team, our clients and our partners.  Together, we expect to emerge as a stronger, more resilient and more sustainable industry.  In the meantime, please let us know how we can best assist you.

Sincerely,

William “Bill” Flederbach

Always working together, even when apart. #StayHome #TeamClimeCo #WorkFromHome

 

 

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.

ClimeCo Renewable Energy Credits Now Green-e® Energy Certified

ClimeCo Renewable Energy Credits Now Green-e® Energy Certified

NEWS RELEASE FOR IMMEDIATE DISTRIBUTION

ClimeCo Renewable Energy Credits Now Green-e® Energy Certified

 


Boyertown, PA (February 4, 2020)
—ClimeCo announced today that their “ClimeCo Renewable Energy Credits” clean energy program is now certified by Green-e® Energy, North America’s leading independent certification program for renewable energy. ClimeCo is a project developer, advisor, wholesaler of environmental commodity products, and one of the largest developers of carbon offset projects in the country. ClimeCo Renewable Energy Credits are sourced from a mix of renewable energy resources.

“ClimeCo always evolves to conform to clients’ needs. We are thrilled to offer a voluntary and compliance-based energy acquisition solution,” says Andy Kruger, Senior Director, Environmental Markets at ClimeCo.  “Green-e® certified energy provides a wonderful method for our clients to find and purchase clean energy with an extra measure of confidence”.

Purchasing ClimeCo Renewable Energy Credits allows customers to receive the benefits of clean energy generation while helping encourage the use and development of sustainable energy facilities throughout North America.

As a provider of Green-e® Energy certified renewable energy, ClimeCo abides by the Green-e® Energy Code of Conduct and meets strict disclosure and truth-in-advertising requirements. All participants in Green-e® Energy undergo an annual third-party audit and review of marketing materials to ensure customers receive the correct quantity and type of renewable energy, and accuracy in advertising.

“We are excited to welcome ClimeCo to Green-e® Energy,” said Jennifer Martin, Executive Director of CRS, which runs the Green-e® program. “Through this new product, ClimeCo is providing customers a proven, certified option to reduce the environmental impact of their electricity use while supporting the development of generation that displaces fossil fuels on the grid.”

Green-e® Energy is the leading renewable energy certification and verification program in North America. Administered by CRS, the program provides independent, third-party certification to ensure that certified renewable energy meets strict environmental and consumer-protection standards. In 2018 Green-e® Energy certified over 62 million megawatt-hours in retail transactions to over 1.24 million retail purchasers of Green-e® certified renewable energy—including over 61,000 businesses. This was enough to power over half of U.S. households for a month.

For information, call ClimeCo at 484-415-0501 or visit www.climeco.com. To learn more about Green-e® certified products and programs available in North America, visit www.green-e.org.

FOR QUESTIONS CONTACT

Nancy Fuchs Marshall
Marketing Director
ClimeCo 
nmarshall@climeco.com
864.266.1210      

 

Jeff Swenerton
Communications Director
Center for Resource Solutions
jeff.swenerton@resource-solutions.org
415.561.2119

 

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.

Third Eye Blind Honors ClimeCo at Band’s Final Summer Tour Stop

Third Eye Blind Honors ClimeCo at Band’s Final Summer Tour Stop

NEWS RELEASE

Danielle A. Pingitore, Marketing Coordinator
(484) 415-0501 or dpingitore@climeco.com

Third Eye Blind Honors ClimeCo at Band’s Final Summer Tour Stop

Throughout their Summer Gods Tour with Jimmy Eat World, Third Eye Blind has worked diligently to offset the outing’s carbon footprint.  To compensate for audience travel – the biggest source of carbon emissions from the tour – a portion of each ticket sold supported a US-based carbon offset project managed by ClimeCo, the American Land Conservancy, and the Rocky Mountain Elk Foundation.  ClimeCo provides comprehensive solutions to help reduce the environmental impact of the general public. 

To honor ClimeCo’s fervent environmental service, Third Eye Blind presented them with a tree onstage at the band’s final tour stop in Irvine, California.  The tree will be planted at FivePoint Amphitheatre as a continued reminder of their support.

If you have any questions or would like more information, please contact Danielle Pingitore at dpingitore@climeco.com.

Pictured: Dan Linsky (Vice President of Voluntary Markets of ClimeCo), Bill Flederbach (President & CEO of ClimeCo), and Stephan Jenkins (Lead Singer & Guitarist of Third Eye Blind) at Third Eye Blind’s last show of their 2019 Summer Gods Tour which took place at the FivePoint Amphitheater in Irvine, California.

Photo Credit: Stephen Albanese

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, nmarshall@climeco.com or dpingitore@climeco.com.