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Weekly Carbon Outlook – Feb 6, 2017

February 6, 2017 by Billy Hamshaw

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Trading Report

  • Front Prices close at $13.54, close to the auction reserve price of $13.57
  • V2017 dominated with 82% of the total weekly volume
  • Ontario Carbon Allowances (OCA) commence trading this week at $13.86

Price Expectations

  • Current front price mirrors last year trend though with more regulatory certainty
  • Minor premium for OCA- not significant
  • Expected V17 ranges: $13.50 – $13.55 (Front); $13.75 – $13.80(2017 Benchmark)

CCO Tracker

  • 8,392 ROCs issued to Edaleen Cow Power (ACR239)
  • S&A Carbon LLC assigned as verifiers to Rich Mountain (CAR1159) and Brosnan Forest (CAR1134)
  • Origin Climate go with Analytical Environmental Services as verifiers for Scenic View Dairy (CAR1035) and Brook View Dairy (CAR1036)

Policy Tracker

  • Key AB 151 placeholder bill introduced

Key Dates

  • Feb 9 Public workshop to discuss updates to ARB’s enforcement policies in response to AB 1685
  • Feb 22– WCI Joint Auction 10

Download the report (pdf)

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