May 25, 2017 by Billy Hamshaw
(CaliforniaCarbon.info, May 25, 2017) ARB clocked their largest ever haul of issuances yesterday as the long awaited forestry project, Wyoming IFM (ACR249), was gifted a whopping 4.5 million ARBOCs. Co-developed by the impact investment firm, Encourage Capital, and the prolific land owners, The Forestland Group, Wyoming IFM has become one of the program’s largest ever projects and injects a much needed supply of offsets into the overall pool.
To learn more about the challenges involved in managing such a project as well as a brief overview of forestry offsets within California’s successful offset program, please see CC.info’s breaking article (link).
The remaining 500K credits issued this week accrued from 6 other projects, ClimeCo ODS Destruction 18 and 19 (CAR1250) the most significant of them with 226,896 credits gained. With over 2 million credits issued so far, project developers ClimeCo are the third largest supplier of offsets under ARB’s compliance protocols.
In regards to CCO-3 conversions, a relatively small sum of 111,423 CCO-8s matured by 5 years this week. Camco’s Double A Dairy (ACR233) was the largest contributor here with 60,194 credits making the transition.
ARB’s next offset issuances will take place on June 7, 2017.