Platts proposes to increase frequency of US Compliance Carbon price assessments to daily

Platts, part of S&P Global Commodity Insights, is proposing to increase the frequency of its US Compliance Carbon assessments to daily from weekly, effective June 11, 2024.

Currently, Platts publishes the following US Compliance Carbon Assessments every Thursday:

The Regional Greenhouse Gas Initiative is an 11-state Cap-and-Trade system to reduce carbon dioxide emissions from the power sector. It represents the first cap-and-invest regional initiative implemented in the US.

California Carbon Allowances and Offsets are issued by the California Air Resources Board (CARB) to regulate greenhouse gas emissions. Entities can use these allowances (CCA) or offsets (CCO) to meet their compliance obligations. California operates the largest compliance market in North America.

The frequency for these nine assessments would be increased to daily, in line with Platts existing US carbon coverage and following the US publishing calendar.

• Time Stamp: 14:30 New York
• Unit: US dollars per metric ton of carbon dioxide equivalent (USD/mtCO2e)

More details about Platts publication schedule can be found here.

In addition, Platts proposes to introduce minimum and maximum volumes for its RGGI, CCA and CCO assessments as follows:

The daily assessments would be published in the Platts Carbon Markets Daily, Megawatt Daily, on Platts Carbon, Energy Transition and Power Markets Alert, and in the Platts Pricing Database.

Details on Platts' existing US Compliance carbon assessments can be found here.

Please send any feedback to: Platts_Carbon@spglobal.com and pricegroup@spglobal.com by May 10, 2024.

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.