Making a difference today for a better world tomorrow.

Glossary

Offset Pricing Monthly Market Digest – December 2019

Offset Pricing Monthly Market Digest – December 2019

Making a difference today for a better world tomorrow.

Offset Pricing Monthly Market Digest – December 2019

Offset Supply Information:

All CCOs issued to date: 166.58 million

Compliance credits awaiting issuance: 27.95 million

CA and General Market Commentary:

  • On December 2nd, ARB announced that the 2020 Auction Reserve (floor) price will be $16.68. This was in line with expectations.  Our chart above has been updated to reflect this 2020 floor price, and we have begun estimating the 2021 floor price at $17.85.
  • Allowances prices climbed during the last two weeks of the year. This increase seemed to coincide with the expiration of the December 2019 futures contract, as participants closed those contracts and entered into new futures positions with 2020 expirations.

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.

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

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

Making a difference today for a better world tomorrow.

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.

107.7 The End’s Interview with ClimeCo & Third Eye Blind’s Stephan Jenkins

107.7 The End’s Interview with ClimeCo & Third Eye Blind’s Stephan Jenkins

Making a difference today for a better world tomorrow.

107.7 The End’s Interview with ClimeCo & Third Eye Blind’s Stephan Jenkins


Click PLAY above to listen to Seattle’s Alternative Music Station 1077 The End‘s broadcasted interview discussing how ClimeCo worked with Third Eye Blind to voluntarily mitigate the carbon emissions of their 2019 Summer Gods Tour. The interview features Third Eye Blind’s lead singer/songwriter/guitarist, Stephan Jenkins, and ClimeCo’s Vice President of Voluntary Markets, Dan Linsky!

Read the full story here: Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

 

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.

ClimeCo is Selected as Project Developer of the Year

ClimeCo is Selected as Project Developer of the Year

Making a difference today for a better world tomorrow.

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Nancy Marshall, Marketing Director
864-266-1210 or nmarshall@climeco.com

ClimeCo is Selected as Project Developer of the Year

 

ClimeCo Corporation (ClimeCo) is pleased to announce its selection as Project Developer of the Year by the Climate Action Reserve (CAR), in recognition for the Most Registered Carbon Offset Projects in 2018.

CAR, North America’s premier carbon offset registry, presented the award to ClimeCo Corporation during CAR’s North American Carbon World (NACW) 2019 annual conference, which is currently being held in Los Angeles, CA, through April 26.  Award recipients are nominated based upon their demonstration of leadership in advancing climate solutions and strengthening carbon markets through the development of successful carbon offset projects that achieve real, quantifiable, verifiable, additional, and permanent emissions reductions.

“ClimeCo is celebrating ten years in business this year and to receive an award like this from CAR is a great gift,” said Bill Flederbach, President & CEO of ClimeCo.  “I am very proud of the team we have built over the last 10 years, our culture, our clients, the incredible volumes of greenhouse gases that we’ve reduced, and us being the leading producer of carbon credits within CAR.”

ClimeCo has worked with CAR for the past 10 years and has registered more than 16 million carbon offsets.  Their offset volume stems from reducing greenhouse gas emissions through several project types, including N2O Abatement, Destruction of Ozone Depleting Substances, Agricultural Methane Capture, and Organic Waste Composting.  It is the combination of their clients, their diversification, and the dedication of their project team that has allowed them to be the leader in carbon offset project development.

“CAR has been a tremendous partner for ClimeCo over the years,” said Derek Six, Chief Business Officer of ClimeCo.  “Their dedication to creating high-quality protocols and ensuring a crediting program of the utmost integrity aligns well with ClimeCo’s core values.  We are proud to be implementing creative and innovative emission reduction projects, and very much appreciate this recognition for our efforts.”

ClimeCo is an advisor, broker, and developer of both voluntary and compliance grade environmental commodity market products, with specialized expertise in California cap-and-trade, market advisory, transactional services, and project financing.

To learn more about ClimeCo, how you can be a part of this growing business or how your company can benefit, visit us at www.climeco.com or contact us here.

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.

ClimeCo Involved in the First California Carbon Offset Futures Transaction

ClimeCo Involved in the First California Carbon Offset Futures Transaction

Making a difference today for a better world tomorrow.

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Derek Six, Chief Business Officer
(484) 415-0501 or dsix@climeco.com

ClimeCo Involved in the First California Carbon Offset Futures Transaction

April 8, 2018 (BOYERTOWN, PA) – ClimeCo Corporation is pleased to announce that on April 7, 2019, they participated in the first trade of the new California Carbon Offset futures contract (CCO Contract) that was listed by the Intercontinental Exchange (ICE).  The CCO Contract provides critical price clarity and hedging capabilities to entities involved with offset credits in the California Cap and Trade program.  This new product will also contribute to market liquidity and spur the development of new projects.

As a leading developer of carbon offset projects in the California Cap and Trade program, ClimeCo is thrilled to support innovation in the offset marketplace.  “The launch of the new CCO Contract at ICE is exciting for ClimeCo and our offset project partners,” said Derek Six, ClimeCo’s Chief Business Officer.  “The availability of this contract and the transparent price quotes it will offer is going to spur investment in new projects.  We have been looking forward to the launch of an offset contract for a long time and it was rewarding to be part of this first transaction today.”

The new ICE contract is a futures contract for the physical delivery of California Carbon Offsets, where the invalidation period of the offset has been exhausted.  Contracts have so far been listed as far out as December 2022, offering market participants long-term price visibility.  For many of our clients, this new contract will be critical in understanding the compliance options that are available to them and their related costs.

The California Cap and Trade program began in 2012 and sets limits on the Greenhouse Gas (GHG) emissions in the state, which decline over time.  Emitters comply with the regulation by submitting compliance instruments equivalent to their emissions each year.  While offsets represent a small piece of the compliance program (entities can utilize offsets for up to 8% of their total obligation), offset projects offer many critical GHG benefits, like engaging non-capped sectors in the economy, spurring technological innovation, and helping to bring new practices and technologies to scale.  Offset projects also offer a wide variety of other co-benefits, such as improvements to local air and water quality, protection of ecosystems, and employment.

To learn more about ClimeCo, about how you can be a part of this growing business or how your company can benefit, contact us here.

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 Mitigates Upcoming Summer Tour with ClimeCo

Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

Making a difference today for a better world tomorrow.

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
Danielle A. Pingitore, Marketing Coordinator
(484) 415-0501 or dpingitore@climeco.com

Third Eye Blind Mitigates Upcoming Summer Tour with ClimeCo

January 29, 2018 (BOYERTOWN, PA) – ClimeCo is excited to announce that they will be working with Third Eye Blind to voluntarily mitigate the carbon emissions of their 2019 Summer Gods Tour.  The tour will begin on June 14 in Los Angeles and end on August 3rd in Irvine, CA.  The tour will also include Jimmy Eat World and Ra Ra Riot as show openers.  Tickets will go on sale to the general public beginning Friday, February 1 at 10:00 AM local time at LiveNation.com

“I’ve enjoyed Third Eye Blind in concert at several venues, including one in Lake Placid, NY under the ski jumps,” says William Flederbach, President of ClimeCo.  “It was a very memorable and chilly event that the band will certainly not forget!  I am so pleased to see that in addition to their great music, the band is focused on environmental stewardship and I am very proud that ClimeCo could partner with the Third Eye Blind to offset the tour’s carbon footprint”.

Third Eye Blind has been touring greener every year.  Because the oceans need our help, the band and crew have been free of water bottles since 2017.  This year, to offset the tour’s carbon footprint, Third Eye Blind will be voluntarily investing in a carbon offset project in Alaska managed by ClimeCoThe American Land Conservancy, and the Rocky Mountain Elk Foundation.  Additionally, to offset audience travel – the biggest source of carbon emissions from the tour – a portion of each ticket sold on Live Nation will support a US-based ClimeCo carbon offset project. 

“Music and surfing are all foundational in my life and the longer I go, the more so it’s not a big step to seek to make our tours ocean-friendly,” says lead singer and guitarist, Stephan Jenkins. “Simple – skip single-use plastic, carbon offsets, and encourage others along the way.“

This Alaska-based offset project is the first of its kind in the region and supports conservation work on Afognak Island which is home to a coastal temperate rainforest with old-growth trees that are between 180 and 250 years old, plus a regrowth of new trees from the past 30 years. Together, these new and old forests create the potential for absorbing millions of tonnes of carbon dioxide from the atmosphere.

The project will help to protect this area from logging and other potentially destructive practices on the land to preserve its ecological value and nature. It also preserves the habitat for many important animal species, including Roosevelt elk, the Kodiak brown bear, red fox, river otter, weasels, five species of Pacific salmon and the bald eagle. 

ClimeCo is a leader in the management and development of environmental commodities. They maintain a diverse portfolio of offsets to meet their customers’ volume, project, and geographical diversification criteria. ClimeCo is proud to support this great Alaskan forestry project and offer forestry offsets to their customers.

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.