PLATTS COMPLIANCE CARBON: Heard at 1436 Auckland time: NZU heard traded at NZD 45/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1623 Auckland time: NZU heard traded at NZD 46/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1448 Auckland time: NZU heard traded at NZD 44/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1135 Auckland time: NZU heard traded at NZD 47.45/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1826 Auckland time: NZU heard bid at NZD 29/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1400 Auckland time: NZU heard traded at NZD 43/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1135 Auckland time: NZU heard traded at NZD 47.45/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1400 Auckland time: NZU heard traded at NZD 43/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1400 Auckland time: NZU heard traded at NZD 43/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1826 Auckland time: NZU heard offered at NZD 47/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1215 Auckland time: NZU heard traded at NZD 45/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1545 Auckland time: NZU heard traded at NZD 45/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation indicative bid offered at AUD 34.20/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Savanna Fire Management Indigenous indicative bid heard at AUD 50/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU HIR indicative bid heard at AUD 34/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Generic indicative bid heard at AUD 33.75/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Environmental Plantings indicative offer heard at AUD 52/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation indicative bid heard at AUD 33.90/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Environmental Plantings indicative bid heard at AUD 47/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU HIR indicative offer heard at AUD 34.40/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Savanna Fire Management Indigenous indicative offer heard at AUD 53/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Generic indicative offer heard at AUD 34.10/mtCO2e; source: Clima
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard traded at AUD 33.60/mtCO2e for 20,000 mt; source: Jarden
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation December 2024 heard traded at AUD 34.60/mtCO2e for 20,000 mt; source: Jarden
PLATTS COMPLIANCE CARBON: KAU23 tradable value heard at Won 8,800-9,000/mtCO2e; source: trader
PLATTS CARBON: [Heard after close, May 17] GS certified, Afforestation/Reforestation methodology, Reforestation ID 4221 (Vichada) credits heard indicative offer range of $23-$25/mtCO2e; vintage: 2020+; delivery: 2024; co-benefits: 12, 13, 15; region: Colombia; source: developer/trader
PLATTS CARBON: [Heard after close, May 17] GS certified, Afforestation/Reforestation methodology, Reforestation ID 4221 (Vichada) credits heard offer at $22/mtCO2e; vintage: 2018; delivery: 2024; co-benefits: 12, 13, 15; region: Colombia; source: developer/trader
PLATTS CARBON: [amend source; heard before close] GS/VCS Renewable Energy credits with 2020+ vintages heard at price parity with GS/VCS Renewable Energy credits with 2021 vintage; source: developer
PLATTS CARBON: [amend price; heard after close, May 16] GS certified Renewable Energy (Wind) credits heard indicative offer at $5.00/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: Chile; source: trader
PLATTS CARBON: [heard after close, May 16] GS/VCS Renewable Energy credits with 2020+ vintages heard at price parity with GS/VCS Renewable Energy credits with 2021 vintage; source: trader
PLATTS CARBON: [heard before close]: VCS certified, VMR0006 Methodology Household Devices (Cookstoves) ID 2886 credits heard 29,000 mt offered at $4.50/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: 1, 3, 4, 5, 7, 8, 13, 15; region: Malawi; source: broker
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 5,000 t offered at $0.50/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t bid at $0.28/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 5,000 t bid at $0.35/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO-TR spot contract heard 32,098 t offered at $0.35/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t offered at $0.43/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 1,000 t offered at $0.51/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t bid at $1.00/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 2,000 t bid at $0.40/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 5,000 t bid at $0.37/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t offered at $1.15/t;
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t offered at $0.52/t;
PLATTS CARBON: VCS certified AR-ACM0001 methodology Afforestation/Reforestation ID 961 (El Arriero) credits heard 235,000 mt offered at $12.10/mtCO2e; vintage: 2018-2021; delivery: 2024; co-benefits: unspecified; region: Uruguay; source: broker;
PLATTS CARBON: VCS certified AR-ACM0001 methodology Afforestation/Reforestation ID 2576 (Montes Del Este) credits heard 125,000 mt offered at $9.20+/mtCO2e; vintage: 2019-2020; delivery: 2024; co-benefits: unspecified; region: Uruguay; source: broker;
PLATTS CARBON: VCS certified, AR-ACM0003 Methodology Afforestation/Reforestation ID 2410 (Miro) credits heard 7,700 mt offered at $13/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: Ghana; source: broker
PLATTS CARBON: VCS-CCB certified, AR-ACM0001 Methodology Afforestation/Reforestation ID 960 (Lumin) credits heard 100,000+ mt offered at $16.60/mtCO2e; vintage: 2019-2020; delivery: 2024; co-benefits: unspecified; region: Uruguay; source: broker
PLATTS CARBON: VCS certified, AR-ACM0001 methodology, Afforestation/Reforestation ID 799 (Bukaleba Forest Project) credits heard 50,000 mt offered at $22.10/mtCO2e; vintage: 2016-2020; delivery: 2024; co-benefits: unspecified; region: Uganda; source: broker
PLATTS CARBON: VCS certified, VMR0006 Methodology Household Devices (Cookstoves) ID 2890 credits heard 96,000 mt offered at $4.50/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: 1, 2, 3, 4, 5, 7, 8, 13, 15; region: Zimbabwe; source: broker
PLATTS CARBON: GS certified, TPDDTEC v4.0 Methodology, Household Devices (Cookstoves - LPG Smart Meter Program) ID 11331 credits heard 50,000 mt offered at $7.25/mtCO2e; vintage: 2022-2023; delivery: 2024; co-benefits: 3, 5, 7, 8, 13; region: Kenya; source: broker
PLATTS CARBON: GS certified, AMS-II.G. Methodology Household Devices (Cookstoves) ID 10818 credits heard 180,000 mt offered at $4.70/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: 3, 5, 6, 13; region: India: source: broker
The Platts Tech Carbon Capture Current Year and Year 1 prices were assessed $5 higher on the day at $120/mtCO2e and $130/mtCO2e, respectively.
An indicative value for 10,000-plus mt of Puro.Earth certified biochar credits with a 2023 vintage was heard at $115-$140/mtCO2e, with the source noting $115 was on the low end.
One batch of 300 mt of Puro.Earth certified biochar credits was heard traded at $200/mtCO2e. Another batch of 600 mt of Puro.Earth certified biochar credits was heard traded at $150/mtCO2e. Both trades are outside of the volume specification for the Platts Tech Carbon Capture assessment, which reflects volumes of 5,000-50,000 mt.
There is “a lot of interest [in the tech removals space] but not a lot of action,” a US-based developer/trader said after the close May 16. There will be “higher demand for nature-based removals then a lot of segments,” the source continued, particularly Improved Forest Management removals projects.
The US-based trader/developer noted that Core Carbon Principle labelling and CORSIA eligibility could help the market as “buyers don’t want to buy and then the credits end up being labelled as worthless.”
Platts Nature-based Avoidance Current Year was assessed at $3.60/mtCO2e, down 5 cents on day amid a lack of trading activity and lower priced offers, May 17.
Platts heard from a Europe-based brokerage of 30,000 mt of VCS-CCB Triple Gold certified Rimba Raya credits with a 2018 vintage from Indonesia offered at $7.15/mtCO2e, May 17. The same offer was heard May 16, after market close.
Despite bearishness observed in the REDD+ sector, the Indonesian government’s recent revocation of the license of Rimba Raya, one of the world’s largest nature-based carbon projects, has not greatly impacted the prices for credits from the project due to their limited supply, a separate Europe-based trader said.
“[Although], we haven’t seen much demand for it,” the trader added.
Buying activity for the REDD+ segment has significantly declined, with interest shifting toward afforestation credits, which are perceived as higher quality and less risky to trade, the source said.
Platts further heard from multiple sources over the trading week that the VCS-CCB Triple Gold certified Keo Seima project sourced from Cambodia has grappled with a significant lack of buying interest.
The oversupply of renewable energy credits in regions such as Turkey and India, both major suppliers of the credits, has caused further bearishness in the market, a developer said May 17.
“The market is very quiet,” the source said, adding they observed an oversupply of VCS certified credits in particular for the above regions.
Platts heard offers from multiple sources for renewable energy credits on May 17, of which included 56,000 mt of VCS certified ID 1753, ACM0002 methodology, solar credits with a 2020 vintage from India offered at 85 cents/mtCO2e.
Platts further heard GS certified wind credits with a 2021-2022 vintage from India offered in the range of $2.20-$2.30/mtCO2e, while equivalent credits from Turkey were offered at $2.00/mtCO2e.
On the higher priced offers seen for credits from India, the source said that the offers were not reflective of market value.
Platts also heard from the source that renewable energy credits from India held a $2.00-$2.50/mtCO2e discount towards equivalent credits from Latin America.
Platts Renewable Energy Current Year price was assessed at $1.40/mtCO2e, stable on day, May 17.
Platts is part of S&P Global Commodity Insights.