Glossary

Offset Pricing Monthly Market Digest – February 2022

Offset Pricing Monthly Market Digest – February 2022

Offset Pricing Monthly Market Digest – February 2022

by Derek Six | March 7, 2022


Offset Supply Information:

All CCOs issued to date: 232.81 million

CA and General Market Commentary:

  • Only 481k CCOs were issued by ARB during February. Adding in January issuances, ARB has issued 1.26M CCOs this year, compared to 4.3M for the same two-month period last year, a change of -71%.
  • CCA prices closed up at $29.30 on February 24th after the CA ARB reported the results of the 1st quarterly auction of 2022. Current vintages sold out with a bid-to-cover ratio of 1.82 and a clearing price of $29.15, well above the $27.65 the spot CCAs had been trading at several days before the results were announced.
  • For the first few days of March, the correlation between the CCA market and the US stock market has remained high, with CCA prices falling to $26.15 on Friday, March 4th as markets reflected on geopolitical tensions and inflation.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services 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’s Plastic Project Partner, TONTOTON, Provides Cambodia Pollution-Free Coastline Through Plastic Credits

ClimeCo’s Plastic Project Partner, TONTOTON, Provides Cambodia Pollution-Free Coastline Through Plastic Credits

 

ClimeCo’s Plastic Project Partner, TONTOTON, Provides Cambodia Pollution-Free Coastline Through Plastic Credits

ClimeCo and its plastic credit partner, TONTOTON, were featured in an article by the Cambodia Investment Review regarding TONTOTON’s expansion into Cambodia and their newly launched initiative called “Plastic-Free Coastlines in Cambodia.”

Read the full article by visiting https://cambodiainvestmentreview.com/2022/02/19/tontoton-provides-cambodia-pollution-free-coastlines-through-plastic-credits/.

TONTOTON Plastic Free Coastlines Cambodia Initiative

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services, 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.

Offset Pricing Monthly Market Digest – February 2022

Offset Pricing Monthly Market Digest – January 2022

Offset Pricing Monthly Market Digest – January 2022

by Derek Six | February 7, 2022

Monthly Marketing Digest - January 2022
Offset Supply Information:

All CCOs issued to date: 232.33 million

CA and General Market Commentary:

  • CCA prices declined approximately 13% in January. There is an auction coming up in February, but it is not immediately apparent that this substantial price decline was based on any market fundamentals. In fact, February’s auction will include only 58.5M Current Vintage CCAs, the lowest number in a year. 
  • Prices have fallen below the November, 2021 clearing price of $28.26. Some analysts have noted a correlation between the CCA market and the US stock market, and that general economic fears are driving declines in CCA prices.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services 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 Conceptos Plásticos to Develop A Global Plastic Credit Project

ClimeCo Partners with Conceptos Plásticos to Develop A Global Plastic Credit Project

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

ClimeCo Partners with Conceptos Plásticos to Develop A Global Plastic Credit Project

School made from recycled plastic construction bricks

ClimeCo has launched its Plastic Credit Program to partner with companies worldwide to develop projects to scale the recovery and recycling of ocean bound plastics. These projects generate plastic credits to provide supporting companies with a structured, verified solution to help address their plastic footprint and sustainability program communications. 

The Project

The Women and Young empowerment (WaY) project is an initiative from Conceptos Plásticos; a Colombian company focused on the circular economy with environmental, social, and economic impact. The WaY project is recovering post-consumer, non-recyclable, ocean bound plastic waste in Cote d’Ivoire. The project’s operations remove plastic waste that would otherwise remain in the environment and give it a productive next life. The recovered plastic waste is repurposed in Conceptos Plásticos’ facility to produce construction bricks. The project will implement a plastic economic value model that can be expanded to other African countries and beyond through this recovery and repurposing process. 

The WaY project is partnered with UNICEF (United Nations Children’s Emergency Fund) to build schools from the recycled bricks. These schools are constructed in areas lacking sufficient educational facilities and capacity. Every classroom built uses almost 7 tonnes of recovered plastic waste.  UNICEF has the goal to build up to 600 new classrooms in Cote d’Ivoire in 2022.

The project gives women participating in The WaY Methodology employment opportunities and a new source of income. Women collectors bring in collected plastic waste to be recycled in exchange for compensation and benefits such as health insurance. The project empowers women collectors with increased income, recycling industry labor rights, environmental practices, and child education.  Click here to learn more about the project’s social and environmental impacts.

The WaY Project employees at recycling facility

Support Plastic Waste Projects

ClimeCo works closely with project developers to help find support through the purchase of plastic credits.  The credit mechanism provides funding for these projects to expand their geography, collector workforce, and recycling facility capacity. ClimeCo partners with projects like The WaY and developers like Conceptos Plásticos to help clients with their plastic sustainability goals, including how best to support environmental plastic removal, develop recycling projects, and implement credits as part of an overall corporate plastic waste reduction effort.  

For more information about plastic credits or how your organization can support ocean-bound plastic removal, please email Chris Parker, ClimeCo’s Director of Plastic Credits at cparker@climeco.com.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services, and developing and financing of GHG abatement and mitigation systems.

Offset Pricing Monthly Market Digest – February 2022

Offset Pricing Monthly Market Digest – December 2021

Offset Pricing Monthly Market Digest – December 2021

by Derek Six | January 7, 2022


Offset Supply Information:

All CCOs issued to date: 231.55 million

CA and General Market Commentary:

  • Following the announcement of the November auction’s settlement price of $28.26, CCA prices continued to be volatile in December. With a historically large number of December CCA futures contract open, volatility continued throughout the month as traders rolled positions forward and prepared for the December 27th closing of the December contracts. The ICE December 2021 CCA contract settled at $30.96, and in the remaining few trading days of the 2021 year, prices moved upward to end at $32.45.

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services 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 Supports Birkie Green Initiative

ClimeCo Supports Birkie Green Initiative

 

ClimeCo Supports Birkie Green Initiative

ClimeCo is thrilled to support the American Birkebeiner Ski Foundation reach its carbon-neutral goal by providing offsets for its annual Birkie Event. ClimeCo Green is also supporting the event by providing attendees with a calculator to determine their carbon footprint and offset their travel. The offsets purchased by both the American Birkebeiner Ski Foundation and participating attendees will support the Crow Lake Wind Farm project in South Dakota, which generates clean energy and strives to educate the next generation-in-energy workforce.

Check out Birkie’s other great initiatives through #BirkieGreen in the video below.

 

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services, and developing and financing of GHG abatement and mitigation systems.