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Weekly Feature
  • Offset Scorecard
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Premium Bulletin (2019/04), 28th January, 2019
WEEKLY PRICE MOVEMENTS
Broker Spot CCA: $15.75 (0.3%)
Broker OTC CCA: V2018 Dec 19 $16.41 (0.1%)V2019 Dec 19 $16.40 (0.1%)
ICE CCA: V2019 Front $15.74 (-0.1%)V2019 Dec 19 $16.39  (0)V2020 Dec 20 $17.21 (-0.1%)
Broker CCO 2019 : CCO8 $13.36 (0) CCO3 $13.57 (0) Golden $13.84 (0.1%)


ROCROC 
OFFSET COUNTERS
All CCOs: 142,967,907 (18,856,783 buffered; 88,955 invalidated; 75,490,995 retired; 4,102,648 in compliance accounts)
Quebec offsets: 678,183
Offsets surrendered for compliance obligations of Quebec entities: 6,386,967
WCI Offsets available for future compliance: 42,802,045
All CCO-3s: 72,159,112 (9,078,937 buffered)
CCO-0s: 35,780,584 (4,327,423 buffered)
Credited EA projects: 128
Credited compliance projects: 271 (of 442 listed, including 294 registered)
ROCs awaiting ARBOC issuance: 22,688,898
ROCROC 
Weekly Price Commentary
 

A total 9.5 million tons of California Carbon Allowances (CCAs) were traded last week with most of the action occurring on Friday when 5.7 million tons were traded on the InterContinental Exchange (ICE). Over the week, prices dropped by a cent on the front contract (V19 Jan19) and dropped 2 cents for the benchmark contract (V19 Dec19). The Open Interest creation was at 37% of the total volume traded last week.

Price Trends: 

Prices were relatively stable last week, with one cent movements occurring through the week on the benchmark contract. 

The entire forward curve moved up by 2 cents on Wednesday and then lost the gains on Friday when 5.7 million tons got traded on ICE. The front contract was the only exception gaining and losing just the one cent on both days. 
 
 See our CCA tracker for a detailed look into CCA price trends:

     

Click here for latest market trends

Weekly Feature: Offset Scorecard
 

600k carbon offsets passed ARB’s approval this week, with credits distributed across 13 projects, out of which 6 were livestock projects, 5 were ODS projects and 2 were Forestry.

ODS projects were the highest scorers of the week, as 3 ClimeCo projects saw a combined 233k CCOs issued. Around 123k CCOs were distributed  to  ODS Destruction 26 (CAR1300), and the remainder spread across its ODS Destruction 27 (CAR1301) and ODS Destruction 28 (CAR1302) projects. Tradewater's ODS 18 (ACR436) also gained 96k CCOs, while Irony's  CAR1289 project managed 8,330 credits, the first by this listing entity. Only 1 ODS project now has ROCs awaiting ARBOC issuances

Click here to read the full scorecard

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