Glossary

Offset Pricing Monthly Market Digest – February 2021

Offset Pricing Monthly Market Digest – February 2021

Offset Pricing Monthly Market Digest – February 2021

Offset Supply Information:

All CCOs issued to date: 218.44 million

Compliance credits awaiting issuance: 15.61 million

CA and General Market Commentary:

On February 24th, the CA ARB released the results of the first 2021 quarterly auction, held February 17th. The results were perhaps stronger than expected; current vintages sold out, with a bid-to-cover ratio of 1.24 and a clearing price of $17.80, which is above the floor price of $17.71.

ClimeCo is a respected advisor, transaction facilitator, and trader 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 – February 2020

Offset Pricing Monthly Market Digest – February 2020

Offset Pricing Monthly Market Digest – February 2020

Offset Supply Information:

All CCOs issued to date: 171.06 million

Compliance credits awaiting issuance: 33.81 million

CA and General Market Commentary:

  • ARB’s quarterly allowance auction was held on February 19th, with results announced February 26th. Current vintage allowances cleared at $17.87, with a strong bid-to-cover ratio of 1.52.

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.

Offset Pricing Monthly Market Digest – February 2020

Offset Pricing Monthly Market Digest – February 2019

Offset Pricing Monthly Market Digest – February 2019

Offset Supply Information:
All CCOs issued to date: 145.94 million
Compliance credits awaiting issuance: 20.85 million

CA and General Market Commentary:

  • ARB announced the results of its February Allowance auction. The auction for current vintage allowances was fully subscribed, with a clearing price of $15.73 ($0.11 above the floor price) and a bid-to-cover ratio of 1.21, indicating strong demand.
  • ClimeCo’s estimate of the 2020 CA auction floor price is unchanged this month, as CPI-U numbers increased slightly in January, but still remain below zero for the period since October 2018, the baseline for the CPI-U annual increase.

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.