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  • Weekly Bulletin
  • WCI Joint Auction 18 Results
  • Offset Scorecard
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Premium Bulletin (2019/09), 4th March, 2019
WEEKLY PRICE MOVEMENTS
Broker Spot CCA: $15.89 (0.4%)
Broker OTC CCA: V2018 Dec 19 $16.48 (0.4%); V2019 Dec 19 $16.48 (0.4%)
ICE CCA: V2019 Front $15.90 (0.6%); V2019 Dec 19 $16.48 (0.4%); V2020 Dec 20 $17.28 (0.4%)
Broker CCO 2019 : CCO8 $13.53 (0.8%) ; CCO3 $13.70 (0.4%) ; Golden CCOs $13.96 (0.6%)


ROCROC 
OFFSET COUNTERS

All CCOs: 145,941,155 (19,392,102 buffered; 88,955 invalidated; 75,490,995 retired; 4,102,648 in compliance accounts)
Quebec offsets678,183
Offsets surrendered for compliance obligations of Quebec entities: 6,386,967
WCI Offsets available for future compliance: 45,239,174
All CCO-3s: 72,537,968 (651,875 buffered)
CCO-0s: 36,232,212 (4,346,264 buffered)  
Credited EA projects: 128 
Credited compliance projects: 273 (of 447 listed, including 298 registered) 
ROCs awaiting ARBOC issuance: 20,846,742  

ROCROC 
Summary:
WCI's Eighteenth Joint auction was oversubscribed for the Current Auction which cleared at a settlement price of USD 15.73 with a bid-to-cover ratio of 1.21. The Advance Auction failed to clear at a settlement price of USD 15.62 with a bid ratio of 0.66. The current auction settlement price was 11 cents over the floor price. 

There were a total of 86 qualified bidders with 64 from California and 22 bidders from Quebec.

 

Click here to read full report....
2.5 million carbon offsets were issued to 8 projects by the California Air Resources Board with majority allocated to forestry projects. This also happens to be the highest issuance since late October last year. This week’s issuance overlapped with the WCI’s 18th Joint Auction, which saw the Current Auction oversubscribed at a settlement price (USD 15.73); around eleven cents above the floor.

 

 
Click here to read the full report....
 
Weekly Price Commentary
 

Trades started gaining ground with 12.4 million tons California Carbon allowances trading on the InterContinental Exchange (ICE). Most of the volume was dominated by the V19s contributing to 8.8 million tons of the total volume traded.

WCI’s Eighteenth Joint auction results were also released last week, where the Current Auction was oversubscribed clearing at a settlement price of USD 15.73 with a bid-to-cover ratio of 1.21. The Advance Auction failed to clear at a settlement price of USD 15.62 with a bid ratio of 0.66. The current auction settlement price was 11 cents over the floor price.

See our CCA tracker for a detailed look into CCA price trends:

     

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Featured Opinion
 

"...The atmosphere contains far less methane than carbon dioxide. But methane is so good at trapping heat that one ton of the gas causes 32 times as much warming as one ton of CO2 over the course of a century. ..."
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