Offset Pricing Monthly Market Digest – August 2021

Offset Supply Information:

All CCOs issued to date: 224.91 million

Compliance credits awaiting issuance: 16.06 million

CA and General Market Commentary:

• Results for the August CCA auction were announced on August 25th. Current vintage CCAs cleared at a record-high price of $23.30, $5.59 over the 2021 auction floor price. The bid-to-cover ratio was a high 1.85, and 32.5% of the allowances were purchased by speculators rather than compliance entities.
• Offset (CCO) prices moved upward as well during
  August, but the spread between CCO-0s and CCAs increased to a 35% discount to allowances, a new record high discount %.

ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.