Offset Pricing Monthly Market Digest – February 2021
Offset Supply Information:
All CCOs issued to date: 218.44 million
Compliance credits awaiting issuance: 15.61 million
CA and General Market Commentary:
On February 24th, the CA ARB released the results of the first 2021 quarterly auction, held February 17th. The results were perhaps stronger than expected; current vintages sold out, with a bid-to-cover ratio of 1.24 and a clearing price of $17.80, which is above the floor price of $17.71.
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