Offset Pricing Monthly Market Digest – February 2023
by Derek Six | March 6, 2023
Offset Supply Information:
All CCOs issued to date: 244.54 million
CA and General Market Commentary:
- ARB invalidated 13,040 CCOs issued to the Central Sands Dairy Methane Reduction Project for vintage year 2021. This is the second time this same project has been investigated and had credits invalidated. Over the entire history of the ARB program, there have been six investigations. Five involved Dairy projects, and one involved ODS. Of the six, one, the Bos Dairy project, was exonerated, and the other five resulted in some or all of the issuances to the project being invalidated.
- Issuances of CCOs in February totaled 926,022. The table below continues to track a trend of lower CCO issuances, although YTD this year has modestly exceeded 2022:
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