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Platts Carbon Credit Assessments

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What are Platts Carbon Credit Assessments
Building on the launch of the Platts CEC, interest in the voluntary carbon credit market has continued to evolve. Not only are buyers looking to offset carbon emissions, but there has also been an increased focus on how those emissions are offset, which has led to a surge in demand credits generated by nature-based and community-based projects. Platts suite of carbon credit assessments will provide a comprehensive picture of prices in the swiftly developing global voluntary carbon credits market.
Platts Carbon Credit Assessments Heards
April 22 2024

PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard traded at AUD 33.50/mtCO2e for 50,000 mt; source: Jarden


April 19 2024

PLATTS CARBON: VCS certified, VM0007 methodology, REDD+ ID 3344 (Last Habitat) credits heard offered at $11/mtCO2e, vintage: 2022; delivery: 2024; co-benefits: unspecified; region: Peru; source: trader


Platts Carbon: GS certified Renewable Energy credits heard at 70 cents/mtCO2e premium towards VCS renewable energy credits; source: developer/trader


PLATTS CARBON: CDM certified Renewable Energy ID 6191 (Biomass) credits heard Sigma’s 553k mt offer at 0.45/mtCO2e; vintage: CP2; delivery: 2024; co-benefits: unspecified; region: China; source: broker


PLATTS CARBON: VCS certified Renewable Energy (Hydro) credits heard 50,000+ mt offer at $1.05/mtCO2e; vintage: 2016-2017; delivery: 2024; co-benefits: unspecified; region: Turkey; source: broker


PLATTS CARBON: [heard 1000 GMT]: ACX’s GNA spot contract heard 6,000 t bid at $0.35/tCO2e


PLATTS CARBON: [heard 1000 GMT]: ACX’s CET spot contract heard 2,000 t bid at $0.75/tCO2e


PLATTS CARBON: [heard 1000 GMT]: ACX’s GNB spot contract heard 2,000 t bid at $0.45/tCO2e


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t bid at $0.47/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t offered at $0.62/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 2,500 t offered at $0.50/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t offered at $1.40/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 N-GEO spot contract heard 9,500 t bid at $0.35/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 3,000 t bid at $1.20/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t bid at $0.35/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 5,000 t bid at $0.35/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 6,000 t offered at $0.55/t


PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t offered at $0.50/t


Platts Carbon: Household devices credits heard vintage spread 50 cents per year; source: developer


Platts Carbon: GS certified Household Devices (Cookstoves) credits heard bid at $4.35/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: unspecified; region: Nigeria; source: developer


Platts Carbon: GS certified Household Devices (Cookstoves) credits heard bid at $3.5/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: Nigeria; source: developer


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t bid at $0.35/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's CGEO-TR spot contract heard 32,098 t offered at $0.35/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t offered at $1.40/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 6,000 t offered at $0.55/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's N-GEO spot contract heard 2,500 t offered at $0.50/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 3,000 t bid at $1.20/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 5,000 t bid at $0.35/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t offered at $0.50/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's N-GEO spot contract heard 9,500 t bid at $0.35/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t offered at $0.62/t


PLATTS CARBON: [heard 1000 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t bid at $0.47/t


PLATTS CARBON: ART Trees certified CORSIA Phase 1 eligible ID 102 (JREDD+) credits heard Sigma's offered at $27.50/mtCO2e; vintage: unspecified; delivery: 2024; co-benefits: unspecified; region: Guyana; source: broker;


PLATTS CARBON: VCS certified, AR-AM0014 Methodology Afforestation/Reforestation ID 1764 credits heard Sigma’s 20,000 mt offer at $31/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: unspecified; region: Myanmar; source: broker; note: project involved mangroves restoration but was developed under Verra's ARR methodology


PLATTS CARBON: VCS-CCB Gold certified Blue Carbon ID 2250 (Delta Blue carbon-1) credits heard 50,000+ mt heard offered $27.95/mtCO2e; vintage: 2020; delivery: unspecified; co-benefits: unspecified; region: Pakistan; source: broker


PLATTS CARBON: VCS certified Afforestation credits heard 50,000+ mt heard offered $7.05/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: China; source: broker


PLATTS CARBON: VCS certified Afforestation credits heard 50,000+ mt heard offered $6.75/mtCO2e; vintage: 2019-2020; delivery: 2024; co-benefits: unspecified; region: China; source: broker


PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard traded at AUD 33/mtCO2e for 20,000 mt; source: broker


PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard bid at AUD 32.50/mtCO2e for 10,000 mt; source: broker;


PLATTS COMPLIANCE CARBON: ACCU HIR September 2024 heard traded @ AUD 34.35/mtCO2e for 13,000 mt; source: Jarden;


PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard offered at AUD 33.50/mtCO2e for 10,000 mt; source: broker


PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard bid at AUD 31.50/mtCO2e for 10,000 mt; source: broker


PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard bid at AUD 33/mtCO2e for 10,000 mt; source: broker


PLATTS COMPLIANCE CARBON: ACCU Generic heard traded at AUD 33/mtCO2e on April 18 for 10,000 mt; source: broker


April 18 2024

PLATTS CARBON: CAR-certified Methane Collection (Landfill Gas) credits heard offered at $5.50-6.75/mtCO2e, vintage: 2010-2015, delivery: 2024, region: US or Canada: trader


PLATTS CARBON: VCS-certified Methane Collection (Landfill Gas) credits heard 20,000-100,000 mt bid at $5.50-7/mtCO2e, vintage: 2022, delivery: 2024, region: US or Canada: trader


PLATTS CARBON: VCS-certified Methane Collection (Landfill Gas) credits heard 20,000-100,000 mt indicative value at $8/mtCO2e, vintage: 2022, delivery: 2024, region: US or Canada: trader


PLATTS CARBON: GS certified Renewable Energy (Wind) credits heard 150,000 mt indicative valued at $1.60/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer;


PLATTS CARBON: GS/VCS Renewable Energy credits with 2018+ vintages heard at price parity with GS/VCS Renewable Energy credits with 2021 vintage; source: developer

Platts Carbon Credit Assessments Commentary

  • Mixed price movements in the VCM
  • Oversupplied renewable energy credits: source


The voluntary carbon market showed mixed movements on the day April 19.

Platts Renewable Energy Current Year price shed 5 cents/mtCO2e on the day and was assessed at $1.45/mtCO2e. Platts Household Devices Current Year price saw a 5 cents/mtCO2e uptick on the day and was assessed at $4.05/mtCO2e.

A trader traveling back from the IEAT European Summit in Florence reported seeing a mixed mood among delegates with some more bullish about the future of the VCM than others.

Oversupplied renewable energy credits: source

“The reason why demand is so low is that the market is oversupplied with credits, especially large volumes of Indian VCS renewable energy credits,” a Europe-based developer said. “Sellers are holding on to large volumes in hopes to get a good price, only to end up having to sell below $1/mtCO2e for large volumes.”

The developer added that the premium for Turkish renewable energy credits toward India is narrowing as Turkish sellers regularly hold on to large volumes of credits in the hopes to get a higher price for them. However, as the market is bearish, they then have to release a flood of credits at very discounted prices to offload them.

Increasing importance of data and technology in the VCM

Stephen Wright, commercial head of sales at Earthblox, addressed the involvement of investors in Nature-based solutions through the Earthblox data platform during the ECS session.

Stephen highlighted the growing involvement of data providers and platforms in procuring carbon credits, especially given the recent IETA guidelines. He said that as the market matures, data becomes increasingly crucial in supporting carbon credit transactions, emphasizing the role of insurance in driving common standards and enhancing market stability. Commonality, facilitated by insurance, encourages investment by providing assurance regarding the value of carbon credits. He pointed out the significance of the US market in this context, noting its preference for insurance-backed transactions, which could drive demand and standardization globally.

Regarding MRV (monitoring, reporting, and verification) and dMRV (digital MRV), Stephen emphasized their importance in ensuring the credibility and reliability of carbon credits. He noted a surge in market participants but highlighted two challenges: the lack of profitability for project developers due to low carbon prices and the need for market reforms to increase price security. Additionally, he discussed the challenges related to data quality and emphasized the necessity of scientific expertise in data interpretation and analysis.

Stephen discussed the impact of the IETA guidelines on data utilization and due diligence in carbon credit procurement, noting a shift toward prioritizing data over traditional rating agencies. Proactivity in demonstrating project co-benefits and transparency is crucial for attracting investment. While there has been increased interest from larger-scale project developers, some corporate entities have withdrawn from carbon markets due to reputational risks.

Platts is part of S&P Global Commodity Insights.

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