News & Events

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.

ARB CCA and CCO prices fell precipitously in March as Californian’s 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.

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...

ARB’s quarterly allowance auction was held on February 19th, with results announced February 26th. Current vintage allowances cleared at $17.87, with a strong bid-to-cover ratio of 1.52.

On January 30th, the California Air Resources Board (ARB) announced the results of their investigation into alleged regulatory violations at the Scenic View Dairy. As a result of the investigation, which was initiated on November 18, 2019, ARB is invalidating 18,867 CCOs generated by the project, CALS5040-C, Scenic View Dairy. This marks the completion of the third invalidation investigation conducted by ARB...