Offset Pricing Monthly Market Digest – November 2022

by Derek Six | December 6, 2022


Offset Supply Information:

All CCOs issued to date: 242.66 million

CA and General Market Commentary:

Issuances of CCOs in November totaled 253,503. This brings the issuances of CCOs in 2022 YTD to 10.98 million. This continues a trend of decreasing issuances of CCOs:

  • On November 23rd, the results were announced for the final quarterly allowance auction of 2022. Current vintage allowances cleared at $26.80.  Following the announcement, prices for allowances dropped, and they continued to fall throughout the remainder of the month, ending at $26.43.
  • On December 1st, the California Air Resources Board announced the 2023 Annual Auction Reserve Price of $22.21.
  • On December 15th, the California Air Resources Board will meet to publicly consider the adoption of the 2022 Climate Change Scoping Plan.

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. 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 solutions and developing and financing of GHG abatement and mitigation systems.

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