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.

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.

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