by Derek Six | February 6, 2024
Updates for the period ending January 31, 2024
| CCO 8s- Non-DEBs | Bid 16.20 | Ask 16.30 |
| CCO 8s- DEBs | Bid 31.30 | Ask 31.40 |
| CCO 3s- Non-DEBs | Bid 16.30 | Ask 16.40 |
| CCO 3s- DEBs | Bid 31.40 | Ask 31.50 |
| CA Compliance Allowances | Bid 41.42 | Ask 41.48 |
| CA Floor Price 2024 | 24.04 |
| Estimated CA floor price 2025 | 25.97 |
(Bid/Ask Prices are taken from multiple broker quotes for the period ended January 31, 2024. The 2024 CA Floor price is the regulatory minimum auction price for allowances. The 2025 estimate is based on regulatory rules and ClimeCo’s assumption of inflation in 2024 as measured by the CPI-U index. Green numbers indicate positive changes during the month, red numbers indicate negative changes during the month, and black numbers are unchanged.)
Offset Supply Information:
All CCOs issued to date: 257.27 million
CA and General Market Commentary:
- Issuances of CCOs in January totaled 363,094. We are watching the issuance trends as compared to the same period in previous years to gauge the available supply of DEBs and Non-DEBs offsets. Since 2021, issuances have been on a downward trajectory. That trend continued for the month of January:
| Year | Total Issuances YTD |
| 2021 | 1,132,579 |
| 2022 | 777,675 |
| 2023 | 503,182 |
| 2024 | 363,094 |
ClimeCo is a global sustainability company headquartered in Pennsylvania, with projects and partners all over the world. Our mission is to advance the low-carbon future and restore nature with market-based solutions. We offer comprehensive services spanning environmental asset innovation, ESG and climate strategy consulting, regulatory and policy advisory, environmental credits, API solutions, and climate action certification programs.
Our growing team of respected scientists and industry experts collaborate with companies of all sizes, governmental groups, NGOs, and capital markets players on ESG, decarbonization, and policy issues—allowing us to develop high-quality, purpose-built end-to-end sustainability solutions with measurable impact. We are steadfastly committed to educating and empowering our clients, no matter where they are in their sustainability journey, to be confident in a rapidly evolving marketplace.
Take your climate initiatives to new heights by collaborating with ClimeCo. Contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com.
