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Offset Pricing Monthly Market Digest – November 2022

Offset Pricing Monthly Market Digest – November 2022

Offset Pricing Monthly Market Digest – November 2022

by Derek Six | December 6, 2022

 


Offset Supply Information:

All CCOs issued to date: 242.66 million

CA and General Market Commentary:

Issuances of CCOs in November totaled 253,503. This brings the issuances of CCOs in 2022 YTD to 10.98 million. This continues a trend of decreasing issuances of CCOs:

  • On November 23rd, the results were announced for the final quarterly allowance auction of 2022. Current vintage allowances cleared at $26.80.  Following the announcement, prices for allowances dropped, and they continued to fall throughout the remainder of the month, ending at $26.43.
  • On December 1st, the California Air Resources Board announced the 2023 Annual Auction Reserve Price of $22.21.
  • On December 15th, the California Air Resources Board will meet to publicly consider the adoption of the 2022 Climate Change Scoping Plan.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

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 climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Aclymate Receives State Grant to Fight Climate Change

Aclymate Receives State Grant to Fight Climate Change

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Sara Miranda, Director of Marketing
203.998.5331 or sara@aclymate.com  

Aclymate Receives State Grant to Fight Climate Change

Guiding Small Businesses to Carbon Neutrality with Custom Carbon Accounting Software Solution

Aclymate PR Trees


Denver, Colorado (December 1, 2022) –
Aclymate, the leading climate solutions provider in the U.S. specifically designed for small businesses, is pleased to announce it has been awarded an Early-Stage Capital and Retention Grant through the Colorado Office of Economic Development and International Trade (OEDIT) Advanced Industries Accelerator program. This funding will help further the company’s mission to inspire and equip small businesses to lead on climate.

“We are honored to receive the Early-Stage Capital and Retention Grant, and look forward to providing the services our customers desperately need to participate in the climate economy, whether for investors or fulfilling supplier requirements,” said Mike Smith, CEO at Aclymate.

The Early-Stage Capital and Retention grant support businesses commercializing innovative and disruptive technologies in the advanced industries that will be created or manufactured in Colorado. These grants help promote the growth and sustainability of advanced industries across the state by driving innovation and commercialization that move this vital part of the Colorado economy forward.

Aclymate was awarded $215,000 to improve the customer experience with reduced data entry through data integration, expanded reporting functionality, and a broader scope of carbon emissions accounting.

“Across the state, companies are rethinking existing technologies and inventing new ones within the advanced industries sector. Their success will create good-paying jobs in Colorado and potentially change lives across the state and beyond. We are thrilled to be able to support their development and look forward to celebrating future accomplishments,” said Rama Haris, Advanced Industries Senior Manager at OEDIT.

To learn more about the Aclymate platform, visit www.aclymate.com.



About Aclymate

Aclymate empowers small and medium-sized businesses to become Climate Leaders. With no special knowledge required, our customers can determine their emissions footprint in under 10 minutes per month, find ways to reduce their impact and offset what cannot be eliminated – all leading to our Climate Leader certification. For more information or to sign up for a free consultation, please visit our website.

About ClimeCo

ClimeCo, a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions, is a proud partner of Aclymate. ClimeCo participates on the Board of Directors and supports Aclymate in maintaining a great selection of high-quality offset projects. In addition, this partnership provides small and medium sized businesses with an expanded suite of services, including expert ESG Advisory.

 

Offset Pricing Monthly Market Digest – November 2022

Offset Pricing Monthly Market Digest – October 2022

Offset Pricing Monthly Market Digest – October 2022

by Derek Six | November 7, 2022


Offset Supply Information:

All CCOs issued to date: 242.41 million

CA and General Market Commentary:

Issuances of CCOs in October totaled 1,507,947, bringing the issuances of CCOs in 2022 YTD to 10.9 million. This continues a trend of decreasing issuances of CCOs:

Several significant events are coming up in November and early December:

  • November 16th ARB holds its fourth quarterly auction for 2022, with results announced on November 23rd.
  • December 1st ARB will announce the new Auction Reserve Price for 2023 auctions.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

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 climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Senior, VP, Marketing
+1 484.415.7603 or nmarshall@climeco.com  

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

CF and ClimeCo PR


Boyertown, Pennsylvania (November 2, 2022) –
Carbonfund.org Foundation, Inc. (“the Foundation”), now named Environment Next, Inc., has decided to rebrand its foundation and divest certain carbon offsetting and its Carbonfree certification operations. ClimeCo is excited to announce that it has chosen to continue the Carbonfund name and mission to make it easy and affordable for individuals, businesses, and organizations to reduce and offset their climate impact. ClimeCo and the Foundation, both pioneers in the voluntary carbon market space, have always been aligned in their values and have been trusted counterparties to each other over the years. Environment Next, Inc., will continue as a non-profit organization providing climate change leadership grants to individuals and non-profits globally.

“We have had the pleasure of working with the Foundation for about 15 years,” says Derek Six, Chief Operating Officer at ClimeCo. “The Foundation was one of the first groups to emphasize the potential of voluntary markets to address the climate change problem, and we have admired their mission and impact. We believe the Foundation’s customers will find in ClimeCo an equally dedicated and passionate team. We look forward to continuing to serve the needs of the Foundation’s customers and offer them an expanded suite of solutions, a diverse portfolio of projects, and new and innovative programs like our ocean-bound plastics collection projects. We are also very excited to welcome several members of the Foundation’s team to the ClimeCo family so that previous customers can expect a familiar experience.”

Together, these two organizations can provide substantial support to those who want to positively impact their environmental footprint. Anyone, from an individual who wants to offset their plastic footprint to a business needing renewable energy credits, will be able to create the best solutions to fit their budget and goals.

“On behalf of the Foundation team transitioning to ClimeCo, I am thrilled that we’re joining a highly qualified company with the same enthusiasm and focus for climate change mitigation,” says Linda Kelly, who served as the Foundation’s SVP of Programs and Partnerships and will be joining ClimeCo as SVP of GHG Markets. “The Foundation’s business partners will greatly benefit from ClimeCo ESG solutions, carbon emissions reduction strategy, and Product Life Cycle Assessments. During my twelve years at the Foundation, I’ve worked with the majority of our business partners. My colleague Anna O’Brien and I look forward to continuing and expanding these relationships.”

Along the eCommerce website and current project inventory, ClimeCo will also be expanding the Carbonfund Carbonfree Partner Program, which provides an innovative and flexible way to help businesses calculate, reduce, and offset their carbon footprint. ClimeCo’s ESG Advisory team has extensive experience in assisting new Carbonfree Partners to go beyond what they thought was possible for their sustainability efforts.



About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

Offset Pricing Monthly Market Digest – November 2022

Offset Pricing Monthly Market Digest – September 2022

Offset Pricing Monthly Market Digest – September 2022

by Derek Six | October 7, 2022

 


Offset Supply Information:

All CCOs issued to date: 240.90 million

CA and General Market Commentary:

Issuances of CCOs in September totaled 2,089,335. This brings the issuances of CCOs in 2022 YTD to 9.4 million. This continues a trend of decreasing issuances of CCOs:

At least three factors may be at work influencing this severe downturn in CCO issuances: 

    1. Many of the largest potential forestry and ODS projects may have already been developed, and we may be observing a permanent decline in opportunities under the current protocols.
    2. The pandemic may have delayed the development of new projects and/or the process of verification site visits for existing projects.
    3. Many projects have elected to switch their registration. Dairy methane projects have largely transferred over to the LCFS program. Other projects may have elected to register under voluntary protocols given the high voluntary market prices seen in late 2021.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

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 climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
+1 484.415.7603 or nmarshall@climeco.com  

ClimeCo Partners with Enaleia to Establish a Verra Plastic Collection Project in Kenya

CC & Enaleia PR

Boyertown, Pennsylvania (September 14, 2022) – 
ClimeCo, a leader in the management and development of environmental commodities, has partnered with Enaleia to remove plastic pollution from vital fishing areas. Enaleia is a non-profit that engages coastal communities to collect plastic on land and in the ocean to reduce pollution and improve marine biodiversity conservation. This partnership will support Enaleia’s newest project in Kenya, contributing to the generation of plastic credits through Verra. With additional funding from ClimeCo and the sale of the credits, Enaleia estimates they will collect 1,000-3,000 tonnes of plastic annually in Kenya.

“A plastic credit is an environmental commodity that represents the collection or recycling of one tonne of plastic material, which can be used in companies’ ESG, CSR, and sustainability programs,” says Chris Parker, ClimeCo’s Director of Plastic Program. “Our approach is to create a system solution to the ocean plastic challenge.”

Enaleia, along with other professional entities that are experts in sustainable development, are collaborating with ClimeCo and the Kwale Recycling Center in Kenya to make sure that the plastic will not only be collected but also integrated into the circular economy.

The Kenya project supports over 350 fishers in Kwale County by empowering them to collect abandoned nets, gear, and marine litter. This number will increase to 800 people from the coastal communities in the following months. The waste is then taken to Kwale Recycling Center, a local collection and recycling company that transports and processes it into useful materials and products.

“Through the plastic credit model, we can set up large-scale plastic cleanup projects that can create a real impact on our oceans,” says Lefteris Arapakis, Enaleia’s Co-Founder and Director. “Taking into consideration that around 20% of ocean plastic is lost fishing gear, by empowering the fishing communities at this scale, we can not only clean up significant amounts of plastic but also prevent further ocean plastic pollution.”

This project incentivizes and encourages the fishing community to use more sustainable fishing practices, including the reduction of overfishing by pausing and limiting their fishing activities while collecting plastic. It also provides a supplemental source of income to an area experiencing some of the highest poverty rates in the country.

To learn more about plastic credits and this project, contact us



About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.


About Enaleia

Enaleia is a non-profit social enterprise tackling two directly related problems for the marine environment: the reduction of fish stocks and plastic sea pollution. Its mission is to make the marine ecosystem sustainable by tackling overfishing and plastic pollution. Enaleia teaches fishing practices that preserve local fish populations and remove the mounds of plastic that pollute the world’s seas, adapting the fishing industry for a green future.