Glossary

Offset Pricing Monthly Market Digest – March 2022

Offset Pricing Monthly Market Digest – March 2022

Offset Pricing Monthly Market Digest – March 2022

by Derek Six | April 7, 2022


Offset Supply Information:

All CCOs issued to date: 235.92 million

CA and General Market Commentary:

  • ARB CCO issuances in March accelerated, with 3 million new CCOs issued, but total year-to-date issuances remain well below historic averages. 2.7 million of the 3 million new issuances came from two Alaska-based Improved Forest Management projects.

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.

Offset Pricing Monthly Market Digest – March 2022

Offset Pricing Monthly Market Digest – February 2022

Offset Pricing Monthly Market Digest – February 2022

by Derek Six | March 7, 2022


Offset Supply Information:

All CCOs issued to date: 232.81 million

CA and General Market Commentary:

  • Only 481k CCOs were issued by ARB during February. Adding in January issuances, ARB has issued 1.26M CCOs this year, compared to 4.3M for the same two-month period last year, a change of -71%.
  • CCA prices closed up at $29.30 on February 24th after the CA ARB reported the results of the 1st quarterly auction of 2022. Current vintages sold out with a bid-to-cover ratio of 1.82 and a clearing price of $29.15, well above the $27.65 the spot CCAs had been trading at several days before the results were announced.
  • For the first few days of March, the correlation between the CCA market and the US stock market has remained high, with CCA prices falling to $26.15 on Friday, March 4th as markets reflected on geopolitical tensions and inflation.

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.

Offset Pricing Monthly Market Digest – March 2022

Offset Pricing Monthly Market Digest – January 2022

Offset Pricing Monthly Market Digest – January 2022

by Derek Six | February 7, 2022

Monthly Marketing Digest - January 2022
Offset Supply Information:

All CCOs issued to date: 232.33 million

CA and General Market Commentary:

  • CCA prices declined approximately 13% in January. There is an auction coming up in February, but it is not immediately apparent that this substantial price decline was based on any market fundamentals. In fact, February’s auction will include only 58.5M Current Vintage CCAs, the lowest number in a year. 
  • Prices have fallen below the November, 2021 clearing price of $28.26. Some analysts have noted a correlation between the CCA market and the US stock market, and that general economic fears are driving declines in CCA prices.

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.

Offset Pricing Monthly Market Digest – March 2022

Offset Pricing Monthly Market Digest – December 2021

Offset Pricing Monthly Market Digest – December 2021

by Derek Six | January 7, 2022


Offset Supply Information:

All CCOs issued to date: 231.55 million

CA and General Market Commentary:

  • Following the announcement of the November auction’s settlement price of $28.26, CCA prices continued to be volatile in December. With a historically large number of December CCA futures contract open, volatility continued throughout the month as traders rolled positions forward and prepared for the December 27th closing of the December contracts. The ICE December 2021 CCA contract settled at $30.96, and in the remaining few trading days of the 2021 year, prices moved upward to end at $32.45.

ClimeCo is a respected 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.

Offset Pricing Monthly Market Digest – November 2021

Offset Pricing Monthly Market Digest – November 2021

Offset Pricing Monthly Market Digest – November 2021

by Derek Six | November 6, 2021


Offset Supply Information:

All CCOs issued to date: 231.13 million

CA and General Market Commentary:

  • The California Air Resources Board (ARB) has released the 2022 Auction Reserve Price. The auction floor price will be $19.70 for each of the four auctions held in 2022, up from the 2021 floor price of $17.71.  This increase is due in part to a 5% annual escalator, and in part to the large increase in inflation for 2021 as expressed in the CPI-U index change from November 2020 through October 2021.
  • November Auction Results- ARB announced on November 24th that the 4th quarterly auction had sold 68.6 million current vintage allowances at $28.26. The auction had a bid-to-cover ratio of 1.51.  3% of allowances were purchased by compliance entities, the rest were purchased by speculators and other intermediaries.

ClimeCo is a respected 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.