Offset Pricing Monthly Market Digest – February 2022
by Derek Six | March 7, 2022
Offset Supply Information:
All CCOs issued to date: 232.81 million
CA and General Market Commentary:
- Only 481k CCOs were issued by ARB during February. Adding in January issuances, ARB has issued 1.26M CCOs this year, compared to 4.3M for the same two-month period last year, a change of -71%.
- CCA prices closed up at $29.30 on February 24th after the CA ARB reported the results of the 1st quarterly auction of 2022. Current vintages sold out with a bid-to-cover ratio of 1.82 and a clearing price of $29.15, well above the $27.65 the spot CCAs had been trading at several days before the results were announced.
- For the first few days of March, the correlation between the CCA market and the US stock market has remained high, with CCA prices falling to $26.15 on Friday, March 4th as markets reflected on geopolitical tensions and inflation.
ClimeCo is a respected global advisor, transaction facilitator, trader, and developer 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, firstname.lastname@example.org, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.