News & Events

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.

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.

During the COVID-19 pandemic, the ClimeCo team continues to strive to make a difference today for a better world tomorrow.  To that end, I wanted to share with you, our clients and partners, the steps that we have taken to date and the commitments that we are making going forward to ensure that we are here and available to support you and your businesses through these difficult days...