Updates for the period ending May 31, 2017


 

CA Compliance Offset Pricing
CCO 8s Bid 10.55 Ask 10.85
CCO 8s are ARB-issued offsets available for spot delivery and subject to 8 years during which they may be invalidated.
CCO 3s Bid 10.85 Ask 11.15
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 14.25 Ask 14.30
Allowances are the permits entities purchase to emit in CA.  Entities can substitute offsets for up to 8% of their total emissions. Prices shown are for the December futures contract.
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 May 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: 62.65 million
  • Compliance credits awaiting issuance: 25.25 million
CA and General Market Commentary:
  • The current Cap and Trade program in California is authorized through 2020. The CA legislature is seeking to extend the authorization and to provide certainty about the program, but recent proposals have provided anything but certainty to the market- no progress was made in May, or in June to date, in moving toward a re-authorization bill. Uncertainty exists as to whether a bill will come in this current legislative session, with a 6/15/2017 deadline for the CA budget.
  • ARB’s May auction was fully subscribed for the first time since November, 2015. The auction had a bid-to-cover ratio of 1.23, and cleared at a price of $13.80, well above the $13.53 floor. The auction results in our view are a result of clarity provided by the ARB lawsuit decision. While the long-term fate of the program post-2020 is uncertain, firms now understand that they will have to comply at least through 2020, and so will have to make allowance and offset purchases to meet their obligation.


Questions?

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

 

 

Updates for the period ending April 30, 2017


 

CA Compliance Offset Pricing
CCO 8s Bid 10.20 Ask 11.00
CCO 8s are ARB-issued offsets available for spot delivery and subject to 8 years during which they may be invalidated.
CCO 3s Bid 10.95 Ask 11.60
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 14.35 Ask 14.39
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 April 30, 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: 57.60 million
  • Compliance credits awaiting issuance: 27.07 million
CA and General Market Commentary:
  • The current Cap and Trade program in California is authorized through 2020. The CA legislature is seeking to extend the authorization and to provide certainty about the program, but recent proposals have provided anything but certainty to the market.
  • Three competing bills, AB378, AB151, and SB775 have been proposed by California legislators. Each bill addresses some element of the CA Cap and Trade program, and the three bills appear to be mutually exclusive to some extent.
  • SB775 would authorize a new Cap and Trade program starting in 2021. This program would be a complete re-start, with no banking allowances from the current program, no offsets, and a very limited trading component- the bill might be more aptly called a Cap and Tax program.
  • AB378 continues the current Cap and Trade program, but imposes severe limits on emissions at facilities in disadvantaged communities in CA.
  • AB151 focuses on job dislocation and training and on encouraging offset projects inside disadvantaged communities in CA.
  • We will be watching political developments in California very carefully, and will continue to advocate for a sensible, market-based program with flexibility that leverages the many benefits of offset projects.


Questions?

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

 

 

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