Offset Pricing Monthly Market Digest – September 2018
Offset Supply Information:
All CCOs issued to date: 118.87 million
Compliance credits awaiting issuance: 33.51 million
CA and General Market Commentary:
- Prices for offsets that can be delivered before the November 1st compliance deadline continued to be elevated in September. This year is of particular importance, as entities are going to be completing their final submissions for the full 3-year 2015-2017 triennial period.
- The backlog of compliance credits awaiting issuance held relatively steady from August to September. Most credits in the backlog are from forestry projects. Many of these have been in the queue for an extended period of time. For example, one particularly large project, the Finite Carbon Ahtna Native Alaskan Improved Forestry Management project was issued 14.86 million ROCs by the American Carbon Registry on 12/10/2017, and these ROCs are still awaiting ARB approval nearly 11 months later.
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