Platts proposes to launch Decarbonization Index Feb. 19

Platts, part of S&P Global Commodity Insights, proposes to launch the Platts Decarbonization Index effective Feb. 19, 2024.

The daily index would represent the theoretical cost to offset emissions using credits from a basket of sought-after classifications within the Voluntary Carbon Market.

It would use a weighted average of some of Platts key price assessments, spreads and differentials for the Voluntary Carbon Market. The index would be weighted basis annual retirements data, reviewed each year once latest information is available.

The index components and their respective weightings are proposed as follows:

The Household Devices input would consider Platts Household Devices Current Year assessments—which have a reference base of Gold Standard-certified Cookstove credits—plus the differential for credits originating from projects in less-developed countries.

The Nature-Based Avoidance input would consider Platts Nature Based Avoidance Current Year assessment as well as vintage spreads for the three most recent vintage years.

The daily index would be published in $/mtCO2e on Platts Live.

Details of Platts full suite of carbon assessments can be found here.

Please send any feedback or questions by Feb. 12 to pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.