ClimeCo Silver Sponsor 2017 Navigating the American Carbon World (NACW) Conference

Consider adding ClimeCo Corporation to your NACW Conference Map in San Francisco. As Silver Sponsor, this year our ClimeCo leadership team enthusiastically joins the 2017 dynamic program as both speakers and as an exhibitor. Derek Six kicks off our participation as part of the preconference program Wednesday, April 19. Derek is a thought leader on climate change policy, cap and trade design as well as offset program exploration.

Next, once the formal conference launches Thursday, April 20, ClimeCo founder Bill Flederbach joins a much-anticipated plenary entitled ‘State of the North American Carbon Market.’ At this time of carbon market fluctuation and change, Bill and this premier panel of carbon market experts are set to discuss present trends and the way forward. As founder of the largest producer of carbon credits within the Climate Action Reserve, Mr. Flederbach’s firm provides markets, clients and organizations with air quality program strategy and representation in global carbon markets.

Before or after our presentations, feel free to stop by Booth 124 in the Exhibit Hall to meet us in person. Not registered yet, visit http://www.nacwconference.com/register/

Updates for the period ending March 31, 2017


 

CA Compliance Offset Pricing
CCO 8s Bid 10.30 Ask 10.70
CCO 8s are ARB-issued offsets available for spot delivery and subject to 8 years during which they may be invalidated.
CCO 3s Bid 10.75 Ask 11.25
CCO 3s are ARB-issued offsets available for spot delivery and subject to 3 years during which they may be invalidated.  The reduction to 3 years is achieved by having a different verifier successfully verify the project the following year.
CA Compliance Allowances Bid 13.59 Ask 13.64
Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total emissions.
CA Floor Price 2017 13.57  
The minimum price at which entities can purchase allowances in 2017.
Estimated CA floor price 2018 14.52  

Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total (The minimum price at which entities can purchase allowances in 2018 increases by 5% annually plus CPI-U.

(Bid/Ask Prices are taken from multiple broker quotes for the period ended March 31, 2017. 2017 CA Floor price is the regulatory minimum auction price for allowances.  2018 estimate is based on regulatory rules and ClimeCo’s assumption of inflation in 2017 as measured by the CPI-U index.  Green numbers indicate positive changes during the month, red numbers indicate negative changes during the month, black numbers are unchanged.)

 

Offset Supply Information:
  • All CCOs issued to date: 56.28 million
  • Compliance credits awaiting issuance: 27.07 million
CA and General Market Commentary:
  • On April 6th, the CA appeals court upheld a decision in favor of the CA Air Resources Board. The decision affirms ARB’s right to hold auctions of allowances.
  • The decision was very positive news for the market- allowances are currently (as of today, April 10th) trading for $14.30, up $0.70 from the prices shown above in the month-end chart.
  • It is widely believed that this pending lawsuit decision had stifled the market and had been a major cause of the under-subscribed auctions.
  • In other news, Ontario released the results of its first allowance auction. The Ontario auction was fully subscribed, and cleared at CAD$18.08 (US$13.58). This was $0.01 above the floor price.
  • The Ontario auction is of interest because Ontario’s program is scheduled to link to the CA/Quebec program on January 1, 2018.


Questions?

Contact Derek Six, Senior Vice President of ClimeCo Corporation dsix@climeco.com or call 484.415.0501

 

 

Updates for the period ending February 28, 2017


 

CA Compliance Offset Pricing
CCO 8s Bid 10.00 Ask 10.45
CCO 8s are ARB-issued offsets available for spot delivery and subject to 8 years during which they may be invalidated.
CCO 3s Bid 10.30 Ask 11.00
CCO 3s are ARB-issued offsets available for spot delivery and subject to 3 years during which they may be invalidated.  The reduction to 3 years is achieved by having a different verifier successfully verify the project the following year.
CA Compliance Allowances Bid 13.57 Ask 13.67
Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total emissions.
CA Floor Price 2017 13.57  
The minimum price at which entities can purchase allowances in 2017.
Estimated CA floor price 2018 14.52  

Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total (The minimum price at which entities can purchase allowances in 2018 increases by 5% annually plus CPI-U.

(Bid/Ask Prices are taken from multiple broker quotes for the period ended February 28, 2017. 2017 CA Floor price is the regulatory minimum auction price for allowances.  2018 estimate is based on regulatory rules and ClimeCo’s assumption of inflation in 2017 as measured by the CPI-U index.  Green numbers indicate positive changes during the month, red numbers indicate negative changes during the month, black numbers are unchanged.)

 

Offset Supply Information:
  • All CCOs issued to date: 54.95 million
  • Compliance credits awaiting issuance: 26.83 million
CA and General Market Commentary:
  • ARB announced the results of the February 22nd auction on March 1st. The auction was significantly under-subscribed, with only 18% of the 2017 auctioned allowances being purchased. The floor price was $13.57.
  • The auction participation was subdued due to the uncertainty resulting from the pending lawsuit decision and the inaction by the legislature. The legislature is currently discussing several bills that would authorize the program through 2030.
  • Following the auction, allowance futures on the ICE exchange dropped from $13.55 for the March contract to $13.45. In the proceeding days through this report, prices have recovered slightly, with the March contract closing at $13.47 on Friday, March 3rd.


Questions?

Contact Derek Six, Senior Vice President of ClimeCo Corporation dsix@climeco.com or call 484.415.0501

 

 

Position: Marketing Communications Specialist
Company: ClimeCo Corporation
Location: Boyertown, PA
Job Status: Full-time
Job Category: Public Relations Management/Content Development
Industry: Environmental projects and markets
Career Level: Post-grad entry level or with some marketing & communications experience
Post Date: January 25, 2017
Background

ClimeCo Corporation is a developer, broker and advisor of environmental commodity market products and air quality technology systems with specialized expertise in California cap-and-trade, voluntary market advisory and transactional services, and financing of greenhouse gas abatement systems and projects. ClimeCo has offices in FL, GA, NC, PA, TX, WI, and Alberta.

ClimeCo manages a portfolio of greenhouse gas emission reduction and renewable energy projects, and provides environmental monitoring and compliance reporting services. We are currently seeking a full-time Marketing Communications Specialist for our office in Boyertown, PA.

 

Position Description

The Marketing Communications Specialist will create and distribute collateral to clients within ClimeCo’s portfolio or to potential clients to generate interest in ClimeCo’s service offerings. The collateral will be distributed using both digital and conventional market platforms, and must be designed with consistency of style and clarity in mind. The Marketing Communications Specialist will also assist in generating inbound traffic and brand awareness, developing a social media presence for ClimeCo, and optimizing content and delivery of existing platforms.

Candidates should have an interest in clean energy and/or environmental issues and possess excellent written and verbal communication skills, strong writing skills, and proficiency with MS Office and Photoshop/Adobe Creative Suite software. The ideal candidate will have experience in a business-to-business marking environment with a focus on marketing and communications and social media. Travel may be required on an occasional basis.

 

Requirements
  • BS/BA in Marketing, Communications, Public Relations, Advertising, Business Administration, or related field
  • Strong editorial and written/verbal communication skills
  • Experience with content design & delivery systems

    Apply

APPLY NOW 

Please email a statement of interest and resume to Maria Finneran – mfinneran@climeco.com


 

Updates for the period ending January 31, 2017


 

CA Compliance Offset Pricing
CCO 8s Bid 10.00 Ask 10.40
CCO 8s are ARB-issued offsets available for spot delivery and subject to 8 years during which they may be invalidated.
CCO 3s Bid 10.30 Ask 10.80
CCO 3s are ARB-issued offsets available for spot delivery and subject to 3 years during which they may be invalidated.  The reduction to 3 years is achieved by having a different verifier successfully verify the project the following year.
CA Compliance Allowances Bid 13.78 Ask 13.81
Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total emissions.
CA Floor Price 2017 13.57  
The minimum price at which entities can purchase allowances in 2017.
Estimated CA floor price 2018 14.52  

Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total (The minimum price at which entities can purchase allowances in 2018 increases by 5% annually plus CPI-U.

(Bid/Ask Prices are taken from multiple broker quotes for the period ended January 31, 2017. 2017 CA Floor price is the regulatory minimum auction price for allowances.  2018 estimate is based on regulatory rules and ClimeCo’s assumption of inflation in 2017 as measured by the CPI-U index.  Green numbers indicate positive changes during the month, red numbers indicate negative changes during the month, black numbers are unchanged.)

 

Offset Supply Information:
  • All CCOs issued to date: 54.64 million
  • Compliance credits awaiting issuance: 26.26 million
CA and General Market Commentary:
  • ARB offset issuances very historically low in January, and the backlog of un-issued Registry Offset Credits (ROCs) continued to climb. The 26.26 million backlog is the highest we have seen in several years.
  • The State of California Court of Appeals heard oral arguments in the California Chamber of Commerce v. State Air Resources Board lawsuit on January 24th, 2017. This suit alleges that the auction mechanism used in the CA Cap and Trade regulations is not properly authorized by the legislature. Although it is difficult to predict the court’s decision, many commentators suggested that the case went fairly well for ARB. A decision is expected between mid-February and the end of March. Regardless of the decision, the likely outcome appears to be status-quo as both parties seem likely to appeal should they lose.
  • 2017 Allowances surged in January as the market adjusted to the new auction floor price of $13.57. This year’s first auction will be held February 22nd, with results due out on March 1st.
  • 65 million allowances of current vintage will be offered in this auction, substantially less than the November auction which offered 87 million allowances. In fact, the 65 million offered in this round is the lowest number since full joint CA/Quebec auctions with all sectors included began. This drop is due in part to the ever-declining total cap, and in part to a lower backlog of consignment allowances available.
  • Ontario began its Cap and Trade program on January 1st. The program is slated to be linked to CA and Quebec on January 1st, 2018. ClimeCo is pleased to have been a part of the first Ontario Cap and Trade futures transaction that occurred on February 1st.


Questions?

Contact Derek Six, Senior Vice President of ClimeCo Corporation dsix@climeco.com or call 484.415.0501

 

 

The Battle for Offsets Part II: Health, communities and socioeconomics, with Derek Six of ClimeCo and Brian Shillinglaw of New Forests

  Last week CC.info caught up with Kevin Townsend of Blue Source, and Jeff Cohen of EOS Climate to discuss the economic and market argument for the continued inclusion of carbon offsets within the California Cap-and-Trade program. In this, the second part of CC.info’s coverage on the ongoing offsets debate, Billy Hamshaw of CC.info spoke…

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