Making a difference today for a better world tomorrow.

Glossary

Offset Pricing Monthly Market Digest – April 2020

Offset Pricing Monthly Market Digest – April 2020

Making a difference today for a better world tomorrow.

Offset Pricing Monthly Market Digest – April 2020

Offset Supply Information:
All CCOs issued to date: 174.45 million
Compliance credits awaiting issuance: 32.84 million

CA and General Market Commentary:

  • ARB issued only 1.16 million CCOs during the month of March. The ROC backlog (Compliance credits awaiting issuance) climbed by 3.46 million, and is now near the upper end of its historic range.  Smaller monthly issuances and a growing backlog may be due to COVID-19 disruptions at ARB.
  • CCA prices recovered slowly in April, but remain well below the $16.68 auction floor price. The next scheduled auction is in May.

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.

Restoring the Earth Together

Restoring the Earth Together

Making a difference today for a better world tomorrow.

Restoring the Earth Together


by Taylor Marshall, Director of Sustainable Programs, Restore the Earth Foundation | April 24th, 2020

As a result of hurricanes, tornadoes, wildfires, flooding and other natural disasters, many of our forests and wetlands vital ecosystems have been degraded or destroyed. The need to restore and rebuild these ecosystems is essential, especially when it comes to a sound sustainable environmental future that supports biodiversity, habitat and surrounding communities.  

In 2008, we founded a nonprofit organization, Restore the Earth Foundation (Restore the Earth), with the hope of restoring the Earth’s essential ecosystems. We offered a unique approach to affect landscape-scale ecosystem restoration by leveraging the power of public-private partnerships and utilizing an exclusive, innovative and revolving funding mechanism.  

Today, Restore the Earth has secured federalstate, private and philanthropic funding to reforest over 60,000 acres along the Gulf Coast damaged by Hurricane Katrina. We were also the first to deploy restoration on oilsoiled wetlands following the Deep-Water Horizon oil spill, and we continue to support restoration along the Gulf Coast and the Mississippi River Basin.

O
ur mission is to restore one million acres of degraded lands in the Mississippi River Basin, often referred to as “North America’s Amazon”.

                                                                                    *The blue area is the Lower-Mississippi River Basin

The Climate Forward Program 

To enhance the realization of these restoration opportunities for their corporate partners, Restore the Earth pioneered the development of the Climate Action Reserve’s (CAR) Climate Forward Reforestation methodology. The Climate Forward program provides a mechanism for Restore the Earth to quantify, verify and register forecasted mitigation units (FMUs), which represent emissions that are forecasted to be mitigated in the future, using rigorous and peerreviewed carbon reduction project methodologies.  These FMUs will be marketed to voluntary buyers by ClimeCo to help fund future reforestation efforts in the basin

The Climate Forward program is designed to accelerate action on climate change by encouraging companies and organizations to proactively invest today in projects that mitigate future greenhouse gas (GHG) emissions. This program provides a means to capitalize on the carbon mitigation potential of a reforestation project, representing a real gamechanger in our efforts to fulfill our mission.  

Pilot Project  

Restore the Earth’s first Climate Forward project reforests more than 5,000 acres of the historic bald cypress forest at the Pointe-aux-Chenes Wildlife Management Area in Terrebonne Parish, Louisiana, which is anticipated to sequester more than 1,000,000 tonnes of carbon dioxide equivalent. Working with Dow Corporation through their partnership with the International Olympic Committee (IOC), an initial 400 acres will generate the first registered FMUs, which will be used to mitigate a portion of the carbon footprint from the mitigating footprint of the IOC and the Olympic movement. 

Moving Reforestation Forward  

Restore the Earth is proud to lead the way with such high profile partnerships and examples, and is hopeful that these efforts will inspire other companies with carbon emission reduction commitments to consider applying the Climate Forward program to address their annual needs, resulting in significant reforestation investments in the United States.  

These investments will arrive at a critical time for the environment and the economy by affecting meaningful climate action in their own backyards, as well as in the communities of their employees, customers and neighbors. Restore the Earth applies EcoMetricsa system that provides verifiable measurement of each projects’ environmental, social and economic impacts and co-benefits, to every restoration project that we implement. While reforestation projects may have different characteristicsthey all provide exponential co-benefits to restoring native ecosystems and habitats that can be measured, quantified, third-party verified and reported on to their project partners.  These can include such benefits as job creation, clean air, improved water quality, enhanced quality of life,  economic growthetc.  

Restore the Earth has spent the past 6 years building a robust business case for landscapescale restoration in North America’s Amazon. These projects provide real impacts to the environment in one of the most ecologicallydegraded areas in the United States, while simultaneously benefiting local communities and economies in an area with the nation’s highest concentration of underserved communities.  

With a portfolio of truly shovel-ready projects, solid public partnerships, the incorporation of rigorous accounting, forward-thinking methodologies and a collaborative culture, Restore the Earth is well-positioned to address climate action right here in the United States.  Our partnership with ClimeCo is a large piece of that business case, allowing for the wide marketability of environmental attributes and the execution of significant investments in a timely and cost-effective way.   

To learn more about our partnership with ClimeCo, please click hereTo learn more about Restore the Earth and how you can volunteer or support our projects, please click here. 

About the Author

Taylor Marshall is the Director of Sustainable Programs at Restore the Earth Foundation.  Wearing many hats, her responsibilities include project development, corporate relations and ontheground management of reforestation projects in the Gulf Coast and Mississippi River Basin. 

Prior to joining Restore the Earth, Taylor was with The Water Institute of the Gulf in Baton Rouge, Louisiana, promoting community-based approaches to protecting and restoring the Gulf coast from storm risk and land loss, and enhancing community resilience to such risks. Previously, she served as a Program Director with the American Council oRenewable Energy in Washington, D.C.  Taylor earned a Master of Science degree in Integrated Water Resource Management (IWRM) from McGill University. 

Offset Pricing Monthly Market Digest – April 2020

Offset Pricing Monthly Market Digest – March 2020

Making a difference today for a better world tomorrow.

Offset Pricing Monthly Market Digest – March 2020

Offset Supply Information:

All CCOs issued to date: 173.29 million
Compliance credits awaiting issuance: 29.38 million

CA and General Market Commentary:

  • ARB CCA and CCO prices fell precipitously in March as Californians stayed at home and emissions are expected to fall dramatically as a result, at least in the near term. Prices are now approximately $1.40 below the auction floor price for 2020.
  • Volatility has been extremely high, and the Intercontinental Exchange (ICE) has raised margin requirements for traders several times. Increases in capital required to trade in the CCA market has likely exacerbated the decline below the floor price.
  • It is important to remember that if allowances go unsold at the next auction in May, which seems likely at this point, then that supply of approximately 66 million allowances being auctioned will be removed from the market for a substantial period of time. The supply of allowances in the market is to some extent self-correcting, so we anticipate futures prices returning to a point at least slightly above the floor within the next few months. 

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.

From the Desk of President & CEO – Bill Flederbach

From the Desk of President & CEO – Bill Flederbach

Making a difference today for a better world tomorrow.

From the Desk of President & CEO – Bill Flederbach

To Our Clients & The Market –

During the COVID-19 pandemic, the ClimeCo team continues to strive to make a difference today for a better world tomorrow.  To that end, I wanted to share with you, our clients and partners, the steps that we have taken to date and the commitments that we are making going forward to ensure that we are here and available to support you and your businesses through these difficult days:

  • We have been planning for the prospect of a significant business interruption due to COVID-19 for well over a month. In early February, we started to encourage our employees to begin thinking about what they might need to sustain themselves and their families in the event of forced isolation.  This plan positioned us well for success in a work-at-home environment.
  • We instituted a work-from-home request for all employees over two weeks ago, which was prior to the local and state ordinances that have been implemented since. Because a significant portion of our North American team routinely works remotely, ClimeCo already had the management and communication systems in place to make this an easy transition.
  • ClimeCo continues to uphold our values by placing people over profit. We are fortunate to enter this crisis with a strong balance sheet and we remain committed to the welfare of our employees.  To that end, I am making a pledge to retain every member of our staff for a minimum of 90 days.  Throughout its history, ClimeCo has never laid off an employee and we do not intend to do so now!  This means that the team members that you have been working with will be here for you to continue working with.
  • As of this writing, every member of the ClimeCo team is healthy, available and dedicated to assist you by:
    • Providing our regulated clients with market intelligence while identifying unique market opportunities, and
    • Working with our project partners and the credit registries to ensure a smooth supply chain of carbon offsets for both our voluntary and compliance buyers.
    • Continuing our philanthropic efforts by seeking ways that we can help those businesses and individuals who are less fortunate during this time of need; please reach out to us if we can help!
    • From all of us here at ClimeCo, we hope that you and your loved ones are staying safe. We are dedicated to the health and safety of our team, our clients and our partners.  Together, we expect to emerge as a stronger, more resilient and more sustainable industry.  In the meantime, please let us know how we can best assist you.

Sincerely,

William “Bill” Flederbach

Always working together, even when apart. #StayHome #TeamClimeCo #WorkFromHome

 

 

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.

How to be Green for St Patrick’s Day & Easter

How to be Green for St Patrick’s Day & Easter

Making a difference today for a better world tomorrow.

How to be Green for St Patrick’s Day & Easter

by Nancy Marshall & #TeamClimeCo | March 12, 2020

The next two holidays on our calendar are full of green – green clothes, beers, eggs and grass.  As we prepare for these two upcoming holidays, let’s take a minute to think about how we could celebrate them in a greener way.  How can we make St Patrick’s Day and Easter sustainable?

We asked our ClimeCo team to share some of their top tips on how they practice being green during these two holidays.

St Patrick’s Day

  1. Reuse vs buying new. We used to live in Savannah, GA, where they hold the biggest St Patrick’s Day celebration in the entire U.S.  I save all our green clothing, beads, headbands, etc. and use it year after year.  With kids who outgrow clothing, we have often bought their shirts at consignment shops.  Choosing a simple green shirt allows you to wear them throughout the entire year.  –Nancy Marshall, Corporate Marketing Director.

  2. Dust off your bikes and ride to the St Patrick’s Day activities! As an avid bike rider, I save tons on gas riding my bike, which in turns reduces auto emissions entering the atmosphere.  Don’t have a bike, get one! Riding your bike (to school, work, the store, etc.) will make you healthier and in 3-6 months. The money you saved on gas and parking has officially paid for your new bike.  –Erik Cramer, Business Development Manager (Erik rides 5 miles round-trip a day)

  3. Paddy’s Day is one of my favorite holidays to celebrate. I reuse my beads, shamrock headband, earrings, and shirts annually. –Dani Pingitore, Marketing Coordinator

  4. Drink draft beer over bottle or can beer. Draft beer keg is the most environmentally responsible beverage package in the brewing industry today – it is returnable, refillable, and recyclable. – Justin Freeark, Project Manager, Design/Build Programs

  5. If you plan to go out for St. Patrick’s Day – avoid the crowds and go local! The less you (and the products you consume) travel, the less impact you have on the environment. –Lauren Mechak, Program Manager

Easter

  1. We used to host an Easter potluck at our house for about 3-4 families. Everyone would bring drinks with them for their family and we would have coolers full of cans and bottles.  I made sure we had out recycling bins so all the bottle and cans were collected after use and we could get them to our local recycling center.  –David Priddy, VP of Business Development

  2. If you need to buy Easter eggs, try to find eco eggs. I have seen a handful of stores carrying plant-based Easter eggs made from 100% renewable content. –Dani Pingitore, Marketing Coordinator

  3. Reuse vs buying new. With two young kids, I have bought nicely made Easter baskets and use them every year.  I also reuse our plastic eggs and Easter grass.  Instead of buying a bunch of cheap plastic bunny toys, our Easter Bunny gets my kids things they need for the summer like swimsuits, goggles, beach towels, and of course, candy.  –Nancy Marshall, Corporate Marketing Director

  4. Want to dye Easter eggs? Try using natural dye from fruits, vegetables, and spices you find in your home. Natural dye is safer for the environment, your body, and the compost pile. –Zach Palm, Senior Associate, Policy & Advisory

  5. Shop locally to prepare for your Easter dinner. Purchase local fruits and veggies, homemade pies, honey, and local meat. Your food will have less packaging, fresh, and supports your community. –Maria Finneran, Office Administrator

Whether you’re planning to go out for St Patrick’s Day party with friends or hosting a family dinner for Easter Sunday, try incorporating some of our fun tips and tricks and celebrate sustainably! 

 

About the Author

Nancy Marshall is a Corporate Marketing Director at ClimeCo. She is originally from Maryland and currently lives in Houston, Texas. She enjoys boating and fishing on Lake Livingston, cooking, baking (especially at Christmas), and crafting with vinyl.