California Offset Digest: Finite Carbon's Sealaska Project receives over 11million CCOs
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Premium Bulletin (2018/14), 09 April, 2018
All CCOs: 105,142,906 (12,643,032 buffered; 88,955 invalidated; 21,721,407 retired; 8,638,173 in compliance accounts)
Quebec offsets: 563,993
Offsets surrendered for compliance obligations of Quebec entities: 298,812
WCI Offsets available for future compliance: 70,937,773
All CCO-3s: 32,651,961 (3,363,967 buffered)
CCO-0s: 18,397,044 (1,792,330 buffered)
Credited EA projects: 128
Credited compliance projects: 217 (of 392 listed, including 244 registered)
ROCs awaiting ARBOC issuance: 31,804,607

California Carbon Allowances (CCA) remained stable throughout the week with not much price volatility and lower volumes transacted compared to healthy volumes last week. At the beginning of the week prices remained unchanged for most deliveries with the exception of a few future deliveries. The following day prices dropped 2-cents on the forward curve however front (V18 Apr18) still remain unchanged trading at US$ 14.68. About 850,000 tons of volume were traded in that delivery. The week rounded up with prices dipping a further 2-cents on average. Unlike most deliveries front (V18 Apr18) only dropped a cent and remained that way until the end of the week. No additional volumes were transacted for the rest of the week. As of Friday (04/06), front (V18 Apr18) is trading at US$ 14.67 and benchmark (V18 Dec18) is at US$ 15.04. That is 1-cent weekly drop for front while benchmark lost 4-cents on the curve over a week. CaliforniaCarbon.Info’s price tracker below shows the price movement for front delivery in the past week.
Weekly Feature
Highlights from ARB's March Issuances:
  • Over 12.8 million ARBOCs issued over the past month.
  • Over 118K CCO8s transition to lower risk CCO3.
  • Over 396K ROCs approved by the registries.
  • Over 399K CCO 3s completed their invalidation timeframes last month and transitioned to 'zero-risk' offsets (CCO-0s).
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