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Offset Pricing Monthly Market Digest – February 2019

by | Mar 7, 2019

Offset Supply Information:
All CCOs issued to date: 145.94 million
Compliance credits awaiting issuance: 20.85 million

CA and General Market Commentary:

  • ARB announced the results of its February Allowance auction. The auction for current vintage allowances was fully subscribed, with a clearing price of $15.73 ($0.11 above the floor price) and a bid-to-cover ratio of 1.21, indicating strong demand.
  • ClimeCo’s estimate of the 2020 CA auction floor price is unchanged this month, as CPI-U numbers increased slightly in January, but still remain below zero for the period since October 2018, the baseline for the CPI-U annual increase.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.