Offset Pricing Monthly Market Digest – August 2019

by | Sep 6, 2019

Offset Supply Information: 

All CCOs issued to date: 161.49 million 

Compliance credits awaiting issuance: 26.07 million 

CA and General Market Commentary: 

  • On August 27th, the California Air Resources Board announced the results of the 20th quarterly Joint Auction.  Current vintage allowances cleared at $17.16, a premium of $1.54 over the auction floor price for 2019 of $15.62.  The auction had a bid-to-cover ratio of 1.49.  87% of the current vintage allowances were purchased by compliance entities. 

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