Offset Pricing Monthly Market Digest – March 2023

by Derek Six | April 7, 2023

Offset Supply Information:

All CCOs issued to date: 245.01 million

CA and General Market Commentary:

Issuances of CCOs in March totaled 470,119. The table below continues to track a trend of significantly lower CCO issuances versus prior years:

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 – February 2023

by Derek Six | March 6, 2023

Offset Supply Information:

All CCOs issued to date: 244.54 million

CA and General Market Commentary:

ARB invalidated 13,040 CCOs issued to the Central Sands Dairy Methane Reduction Project for vintage year 2021. This is the second time this same project has been investigated and had credits invalidated. Over the entire history of the ARB program, there have been six investigations. Five involved Dairy projects, and one involved ODS. Of the six, one, the Bos Dairy project, was exonerated, and the other five resulted in some or all of the issuances to the project being invalidated.
Issuances of CCOs in February totaled 926,022. The table below continues to track a trend of lower CCO issuances, although YTD this year has modestly exceeded 2022:

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 – January 2023

by Derek Six | February 6, 2023

Offset Supply Information:

All CCOs issued to date: 243.62 million

CA and General Market Commentary:

Issuances of CCOs in January totaled 503,182. The table below continues to track a trend of lower CCO issuances:

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

by Derek Six | January 6, 2023

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 – 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.

Glossary

Offset Pricing Monthly Market Digest – March 2023

Offset Pricing Monthly Market Digest – March 2023

Offset Pricing Monthly Market Digest – February 2023

Offset Pricing Monthly Market Digest – February 2023

Offset Pricing Monthly Market Digest – January 2023

Offset Pricing Monthly Market Digest – January 2023

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – December 2022

Offset Pricing Monthly Market Digest – November 2022

Offset Pricing Monthly Market Digest – November 2022

Sources

Additional Resources