Platts to change timestamps for VCM price assessments

Platts, part of S&P Global Commodity Insights, will change the timestamps for its daily voluntary carbon market price assessments, effective June 2.

Platts will move all assessments from a single global timestamp to the most relevant three regional timestamps:

17:30 Singapore Time

16:30 London Time

14:30 Eastern Standard Time

The changes are intended to align the VCM Market on Close assessment period with the most relevant regional timestamp, to better reflect geographic differences in market activity for all carbon market segments.

Currently, all Platts VCM assessments reflect market value at a 12:00 GMT close. To better capture the concentration of liquidity at particular times of day for these increasingly regional markets, Platts will change its assessment timestamps and holiday calendars as follows:

For further details of Platts publishing calendars, please see the Platts Pricing Holiday Schedule here(opens in a new tab).

These challenges follow a proposal and feedback period, details of which can be found here: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/040425-platts-proposes-to-change-timestamps-for-voluntary-carbon-market-price-assessments(opens in a new tab)

Platts will consider bids, offers, trades, indicative values and any other market information deemed relevant to the assessment process received until the assessment's corresponding MOC deadline.

In addition, Platts will rename some of its Voluntary Carbon Credit assessments, effective June 2. This decision affects several of the assessments outlined above, details of which are available here(opens in a new tab).

Please send all comments, feedback and questions to platts_carbon@spglobal.com and 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.