Glossary

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – December 2022

by Derek Six | January 6, 2023

 

Monthly Marketing Digest for December 2022

Offset Supply Information:

All CCOs issued to date: 243.11 million

CA and General Market Commentary:

Issuances of CCOs in December totaled 450,965. This brings the total issuances of CCOs in 2022 to 11.57 million. This caps off the lowest year of issuances in the program since 2014:

  • On December 15th, the California Air Resources Board officially adopted 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.

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.

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – November 2022

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.

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.

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – October 2022

Offset Pricing Monthly Market Digest – October 2022

by Derek Six | November 7, 2022


Offset Supply Information:

All CCOs issued to date: 242.41 million

CA and General Market Commentary:

Issuances of CCOs in October totaled 1,507,947, bringing the issuances of CCOs in 2022 YTD to 10.9 million. This continues a trend of decreasing issuances of CCOs:

Several significant events are coming up in November and early December:

  • November 16th ARB holds its fourth quarterly auction for 2022, with results announced on November 23rd.
  • December 1st ARB will announce the new Auction Reserve Price for 2023 auctions.

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.

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.

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – September 2022

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 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.

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.

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – August 2022

Offset Pricing Monthly Market Digest – August 2022

by Derek Six | September 7, 2022


Offset Supply Information:

All CCOs issued to date: 238.81 million

CA and General Market Commentary:

  • Issuances of CCOs in August totaled 476,620. This brings the issuance of CCOs in 2022 YTD to 6.9 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 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.

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.