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Weekly Carbon Outlook – Jan 2, 2017

January 2, 2017 by Billy Hamshaw

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Trading Report

  • Fortnight traded volume totals to 8,306,000
  • Lift in prices to reach $12.94 for front
  • Open Interest rises by 1,358,000

Price Expectations

  • Price now approaching $13.00 soft ceiling
  • Sell-side pressure in January could prevent further increases
  • Expected V16 ranges: $12.93 – $12.98 (Front); $13.24 – $13.29 (2017 Benchmark)

CCO Tracker

  • 399k carbon offsets issued by ARB in final issuances of the year
  • 5 million credits available for future compliance as compliance data reveals 8 million credits surrendered in 2015
  • Creek CMM receives 266k credits under mine methane capture protocol
  • 527k CCO-8s shortened to CCO-3s
  • 269k new ROCs added to the registries
  • Forest Carbon Partners and Port Graham Corporation list Alaskan IFM project

Policy Tracker

  • SB 32, AB 197, SB 1386, AB 33 signed by Governor, legislature resumes in 2017

Key Dates

  • Jan 8 – 2017 Winter Forum: Tackling Energy Inequality Through Clean Energy Solutions

Download this Report (pdf)

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