S&P Global proposes 12 GMT assessments of Xpansiv and CME CBL Carbon Offsets

S&P Global Commodity Insights is proposing to begin publishing assessments of the Xpansiv CBL and CME CBL carbon offset contracts to a 12 GMT timestamp from July 1, 2022.

S&P Global will publish daily spot market assessments for the four Xpansiv CBL carbon offset spot contracts (GEO, N-GEO, C-GEO and C-GEO Trailing) and three forward months and two December months of the CME CBL future contracts (GEO, N-GEO and C-GEO).

For example, on July 5, 2022, S&P Global would publish spot market assessments for Xpansiv CBL GEO, N-GEO, C-GEO and C-GEO trailing using bids, offers and trades reported on the Xpansiv CBL exchange. S&P Global will also publish the July, August, September, December 2022 and December 2023 CME CBL forward contracts for GEO, N-GEO and G-GEO using bids, offers and trades reported on the NYMEX exchange.

These assessments would be separate from the 2:30 pm New York settlement prices for these contracts, also published by S&P Global.

Platts would assess the Xpansiv CBL GEO, N-GEO, C-GEO and C-GEO trailing spot contracts by looking at the most competitive bids and offers shown on the Xpansiv exchange, and the CME CBL GEO, NGEO and CGEO futures by looking at the most competitive bids and offers shown through the NYMEX exchange. All assessments would be benchmarked to 12 GMT and would follow the Xpansiv CBL and CME holiday calendar.

Please send any comments, feedback and questions to Platts_Carbon@spglobal.com and pricegroup@spglobal.com by May 20, 2022.

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