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Offset Pricing Monthly Market Digest – September 2018

by | Oct 5, 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.

ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For information, contact 484‐415‐0501 or nmarshall@climeco.com.