In December 2024, the Washington Compliance Offset (WCO) market could either become one of the most sought after and highest-priced avoidance offset markets worldwide, or it won’t exist. The risk-reward balance for this market for developers is extreme and skewed, with much still to be figured out due to the novelty of the program.
The team at cCarbon have put together a set of future pricing and retirement scenarios for WCOs, varying with whether Washington operates standalone, or linking with the WCI market. The webinar will compare the dynamics and opportunities between offsets in Washington and California, as well as examining how voluntary retirements from non-compliance companies will impact the balance the two markets.
This is provisional and early work, as we still have not yet seen a single WCO issued, nor are the market rules and set of methodologies fully confirmed by Washington’s regulators.
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