LCFS Q4 Credit Volume 74% Above Q3

LCFS credit volume of 448,946 was 38 percent below last week but 18 percent over last year’s volume for the same weekly period. Volume for the week ending December 12, 2021, was on par with the weekly 2021 average. Fourth quarter volume is 74 percent over third quarter volume and 65 percent above Q4 of 2020. There were 43 transactions during the week, down from 48 the week before. The weighted average price paid per credit declined $3.15 to $169.17. Of the 43 transactions posted, Type 1 transfers totaled 134,446 credits while Type 2 transfers accounted for 307,000 credits. Type 1 transfers were 40 percent of the transactions and 30 percent of the volume, according to the California Air Resources Board (CARB).

Type 1 transactions are executed within 10 days of an agreement and would be considered spot market trades. Type 2 transactions are executed beyond 10 days of a transfer agreement and do not provide a date the…