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.

Motivation Can Mean So Much More

Motivation Can Mean So Much More

Motivation Can Mean So Much More


by Nancy Marshall, Corporate Marketing Director | May 27th, 2020

Motivation is a word that brings positive vibes to everyone.  Whether its on a sports field, in your child’s classroom, or simply something you say to yourself to keep going.  Motivation is the reason one has for acting or behaving in a particular way or for a general desire and willingness to do something.  It keeps us going, it inspires others to create something new, and if we all come together, motivation can bring positive benefits to our community and the world.   

Finding Partners that Motivate Us 

At ClimeCo, we know what motivates us to do what we do every day as a business and individually. We love learning about other companies and what’s motivated them to start their ventures to make a difference in the world.  However, one struggle the environmental movement has always faced is how to motivate billions of people to take the action needed to keep the planet healthy.  Given that our very survival depends on this, youd think that motivating the right action would be easy, and yet, as the last few decades have proved, getting everyone to take action is difficult. 

Earlier this yearClimeCo partnered with EarthUpa company that started in 2018 to help individuals and businesses make their lives on Earth more sustainable.  Stephen Bay, the CEO/founder of EarthUp, has been in energy consulting for the past eight years.  As we talked to him about his company and how we could work together, it became clear to me that Stephen is not only a very motivated individual who has a deep passion to make lives better, but he also has learned to motivate others to do the same.  Although Stephen’s initial goal of entering someone’s home was energy sustainability, he learned time and time again that some people were motivated by saving money, others were motivated by making their homes healthier, and some purely for comfort Having understood homeowners’ priorities around cost savings, health and comfort, and how to address them, Stephen and his team further motivated them to make even more positive changes, which in turn made their communities better.  The insight that Stephen took from this was simple: we do not need to have the same motivations in order to work towards aligning goals on combatting climate change.   

With EarthUp Stephen has taken that insight and begun building out software and content powered by the latest science in the psychology of motivation to help drive action on climate even when they are not necessarily trying to help the environment.   

The biggest impact we can make will come from empowering individuals, not asking them to make sacrifices., said Stephen.  Whether it was to be greener, more sustainable, or more energyefficient – people need to be empowered.  They need help understanding what resources are available in their local area to help them and how to team up with others to expand their efforts.  This is what drove Stephen to create EarthUpto serve as a tool/resource to help simplify sustainability. 

How it Works 

EarthUp allows employers to measure their employees’ emissions outside of the office.  They offer two paths for users to begin the process to become more sustainable: 

  • Individuals can go to Earthup’s website to complete a simple questionnaire to discover their household CO2 footprint and to compare it with that of their neighbors.  It will educate them on what their footprint means, and they can learn about local incentives and rebates that may be available to them.   
  • Companies and organizations can help expand their ESG programs so that they can engage their employees and multiply the overall impact of their efforts. 

Partnering Together 

ClimeCo joined EarthUp to offer carbon offsets for the EarthUp platform that provide a positive impact on communities.  ClimeCo also helps EarthUp with supporting local carbon offsetting initiatives by providing statespecific opportunities and expertise.  Along with Earthup’s carbon questionnaire and the ability to offset the user’s footprint, they also offer users the ability to take advantage of other environmental incentives in their area.  This allows them to track their impact beyond their initial activities.   

To learn more about EarthUp and how they can help motivate you to become more sustainable, please click here. 

About the Author

Nancy Marshall is the Corporate Marketing Director at ClimeCo and soon ClimeCoGreen.  She is happily married to her husband for 19 years; they have two daughters and one fur baby.  She is from Maryland but is currently living in Houston, TX.  She loves to go boating and fishing on Lake Livingston, cook and bake (especially at Christmas), and enjoys crafting.

Offset Pricing Monthly Market Digest – June 2020

Offset Pricing Monthly Market Digest – April 2020

Offset Pricing Monthly Market Digest – April 2020

Offset Supply Information:
All CCOs issued to date: 174.45 million
Compliance credits awaiting issuance: 32.84 million

CA and General Market Commentary:

  • ARB issued only 1.16 million CCOs during the month of March. The ROC backlog (Compliance credits awaiting issuance) climbed by 3.46 million, and is now near the upper end of its historic range.  Smaller monthly issuances and a growing backlog may be due to COVID-19 disruptions at ARB.
  • CCA prices recovered slowly in April, but remain well below the $16.68 auction floor price. The next scheduled auction is in May.

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 – March 2020

Offset Pricing Monthly Market Digest – March 2020

Offset Supply Information:

All CCOs issued to date: 173.29 million
Compliance credits awaiting issuance: 29.38 million

CA and General Market Commentary:

  • ARB CCA and CCO prices fell precipitously in March as Californians stayed at home and emissions are expected to fall dramatically as a result, at least in the near term. Prices are now approximately $1.40 below the auction floor price for 2020.
  • Volatility has been extremely high, and the Intercontinental Exchange (ICE) has raised margin requirements for traders several times. Increases in capital required to trade in the CCA market has likely exacerbated the decline below the floor price.
  • It is important to remember that if allowances go unsold at the next auction in May, which seems likely at this point, then that supply of approximately 66 million allowances being auctioned will be removed from the market for a substantial period of time. The supply of allowances in the market is to some extent self-correcting, so we anticipate futures prices returning to a point at least slightly above the floor within the next few months. 

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.

How to be Green for St Patrick’s Day & Easter

How to be Green for St Patrick’s Day & Easter

How to be Green for St Patrick’s Day & Easter

by Nancy Marshall & #TeamClimeCo | March 12, 2020

The next two holidays on our calendar are full of green – green clothes, beers, eggs and grass.  As we prepare for these two upcoming holidays, let’s take a minute to think about how we could celebrate them in a greener way.  How can we make St Patrick’s Day and Easter sustainable?

We asked our ClimeCo team to share some of their top tips on how they practice being green during these two holidays.

St Patrick’s Day

  1. Reuse vs buying new. We used to live in Savannah, GA, where they hold the biggest St Patrick’s Day celebration in the entire U.S.  I save all our green clothing, beads, headbands, etc. and use it year after year.  With kids who outgrow clothing, we have often bought their shirts at consignment shops.  Choosing a simple green shirt allows you to wear them throughout the entire year.  –Nancy Marshall, Corporate Marketing Director.

  2. Dust off your bikes and ride to the St Patrick’s Day activities! As an avid bike rider, I save tons on gas riding my bike, which in turns reduces auto emissions entering the atmosphere.  Don’t have a bike, get one! Riding your bike (to school, work, the store, etc.) will make you healthier and in 3-6 months. The money you saved on gas and parking has officially paid for your new bike.  –Erik Cramer, Business Development Manager (Erik rides 5 miles round-trip a day)

  3. Paddy’s Day is one of my favorite holidays to celebrate. I reuse my beads, shamrock headband, earrings, and shirts annually. –Dani Pingitore, Marketing Coordinator

  4. Drink draft beer over bottle or can beer. Draft beer keg is the most environmentally responsible beverage package in the brewing industry today – it is returnable, refillable, and recyclable. – Justin Freeark, Project Manager, Design/Build Programs

  5. If you plan to go out for St. Patrick’s Day – avoid the crowds and go local! The less you (and the products you consume) travel, the less impact you have on the environment. –Lauren Mechak, Program Manager

Easter

  1. We used to host an Easter potluck at our house for about 3-4 families. Everyone would bring drinks with them for their family and we would have coolers full of cans and bottles.  I made sure we had out recycling bins so all the bottle and cans were collected after use and we could get them to our local recycling center.  –David Priddy, VP of Business Development

  2. If you need to buy Easter eggs, try to find eco eggs. I have seen a handful of stores carrying plant-based Easter eggs made from 100% renewable content. –Dani Pingitore, Marketing Coordinator

  3. Reuse vs buying new. With two young kids, I have bought nicely made Easter baskets and use them every year.  I also reuse our plastic eggs and Easter grass.  Instead of buying a bunch of cheap plastic bunny toys, our Easter Bunny gets my kids things they need for the summer like swimsuits, goggles, beach towels, and of course, candy.  –Nancy Marshall, Corporate Marketing Director

  4. Want to dye Easter eggs? Try using natural dye from fruits, vegetables, and spices you find in your home. Natural dye is safer for the environment, your body, and the compost pile. –Zach Palm, Senior Associate, Policy & Advisory

  5. Shop locally to prepare for your Easter dinner. Purchase local fruits and veggies, homemade pies, honey, and local meat. Your food will have less packaging, fresh, and supports your community. –Maria Finneran, Office Administrator

Whether you’re planning to go out for St Patrick’s Day party with friends or hosting a family dinner for Easter Sunday, try incorporating some of our fun tips and tricks and celebrate sustainably! 

 

About the Author

Nancy Marshall is a Corporate Marketing Director at ClimeCo. She is originally from Maryland and currently lives in Houston, Texas. She enjoys boating and fishing on Lake Livingston, cooking, baking (especially at Christmas), and crafting with vinyl.