Platts proposes to launch ACCU Generic No Avoided Deforestation forwards assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch forward price assessments for Generic No A voided Deforestation (Generic No AD) Australian Carbon Credit Unit (ACCUs) for the front six-month contracts, effective May 5, 2025.

ACCUs are issued by Australia's Clean Energy Regulator to carbon project developers based on legislated methodologies. They are used to offset emissions by liable entities under Australia's Safeguard Mechanism scheme and can also be used to offset additional emissions on a voluntary basis.

Each ACCU represents one ton of carbon dioxide equivalent.

The proposed assessments are intended to provide more transparency on increasing activity in the ACCUs forwards market , particularly for the Generic No AD method. The No AD category represents Generic Australian carbon credits without the avoided deforestation method.

Currently, Platts publishes a daily price differential for the No AD category with the symbol ACGAD00.

The proposed daily Generic No AD ACCU forward assessments would reflect the forward value of credits for the front six months.

The following specifications for the proposed assessments are as follows:

• Volume : 1,000 mt/CO2e - 100,000 mt/CO2e
• Currency: Australian Dollars
• Contract Month Roll: Fifteenth of the consequent month or working day before the 15th if a holiday. For instance, the assessment in February 2025 for the front-month No AD price would reflect the value for forward value in March 2025, and so on.
• Frequency: Daily
• Time stamp: 16:30 Melbourne/Sydney/Canberra time
• Platts Publishing Calendar: APAC Carbon Calendar

Platts would consider all bids, offers, trades and indications received in both the over-the-counter (OTC) and exchange markets for assessment purposes..

Details about the methodology for Platts Carbon assessments can be found here(opens in a new tab).

Please send all comments, feedback, and questions to platts_carbon@spglobal.com and pricegroup@spglobal.com by April 6 .

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 and available upon request.