Offset Pricing Monthly Market Digest – September 2022

by Derek Six | October 7, 2022

 


Offset Supply Information:

All CCOs issued to date: 240.90 million

CA and General Market Commentary:

Issuances of CCOs in September totaled 2,089,335. This brings the issuances of CCOs in 2022 YTD to 9.4 million. This continues a trend of decreasing issuances of CCOs:

At least three factors may be at work influencing this severe downturn in CCO issuances: 

    1. Many of the largest potential forestry and ODS projects may have already been developed, and we may be observing a permanent decline in opportunities under the current protocols.
    2. The pandemic may have delayed the development of new projects and/or the process of verification site visits for existing projects.
    3. Many projects have elected to switch their registration. Dairy methane projects have largely transferred over to the LCFS program. Other projects may have elected to register under voluntary protocols given the high voluntary market prices seen in late 2021.

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, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.