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 – 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 – December 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 – December 2020

Offset Pricing Monthly Market Digest – December 2020

Offset Pricing Monthly Market Digest – December 2020

Offset Supply Information:

All CCOs issued to date: 206.64 million

Compliance credits awaiting issuance: 18.32 million

CA and General Market Commentary:

  • 2021 will be an interesting year in the market, as full true-up for the 2018-2020 triennial compliance period is due on November 1st. Entities will be required to surrender all of their required allowances and offsets for their total 2018-2020 emissions at that time.

  • ClimeCo anticipates rising CCO prices in 2021 as entities seek to acquire and surrender their 8% offset limits for the 2018-2020 period. The spread between CCOs and CCAs has remained stubbornly and historically high during 2020, but we expect that demand will increase as entities seek to take advantage of the substantial cost savings represented by surrendering offsets instead of allowances up to their maximum allowable quantity.   


ClimeCo
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.

Offset Pricing Monthly Market Digest – December 2019

Offset Pricing Monthly Market Digest – December 2019

Offset Pricing Monthly Market Digest – December 2019

Offset Supply Information:

All CCOs issued to date: 166.58 million

Compliance credits awaiting issuance: 27.95 million

CA and General Market Commentary:

  • On December 2nd, ARB announced that the 2020 Auction Reserve (floor) price will be $16.68. This was in line with expectations.  Our chart above has been updated to reflect this 2020 floor price, and we have begun estimating the 2021 floor price at $17.85.
  • Allowances prices climbed during the last two weeks of the year. This increase seemed to coincide with the expiration of the December 2019 futures contract, as participants closed those contracts and entered into new futures positions with 2020 expirations.

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.