Energy Transition, Carbon, Emissions
June 02, 2025
Platts launches new regional Voluntary Carbon Market assessments for Asia, Americas
Platts, part of S&P Global Commodity Insights, has launched new Voluntary Carbon Market (VCM) price assessments to reflect growing regional liquidity in the Asia and Americas carbon segments, effective June 2, 2025.
This follows a proposal note published April 4, available here, and a decision note published May 5, available here.
Platts recognizes the continuing relevance of geography in determining the value of voluntary carbon credits, as well as a greater market appetite to understand the value of credits from specific project types within a specific region.
Given this, Platts has launched the following assessments:
Biochar, India
To reflect growing liquidity in Asia for biochar projects, Platts has launched an assessment that reflects the value of biochar credits issued from projects in India, for which there is a growing spot market.
This assessment will reflect the most competitive of the most fungible carbon credits, issued by biochar projects in India. The specifications are as follows:
| Specifications | Biochar, India |
| Volume | 500-1 0,000 mtCO2e |
| Standards | Puro.Earth, Isometric |
| Vintage | Vintages of the last five years, including current year, which will roll on the first business day of Q3. For example, for assessments on July 1, 2025, Platts will reflect credits with vintages from 2021 to 2025. |
| Co-Benefits | N/A |
| Geography | India |
| Delivery | Current Year |
| Reference Basis | Puro.Earth -certified industrial Biochar projects in India |
| Time Stamp | 17:30 Singapore time |
Platts originally proposed that this new assessment would reflect a maximum volume of 30,000 mtCO2e, but lowered it to 10,000 mtCO2e in response to market feedback following the initial proposal.
The assessment follows the Platts APAC Carbon Pricing Holiday calendar and is published in $/mtCO2e under the following symbols and market data category:
| Assessment Name | Symbol | Market Data Category |
Biochar, India Spot Current Year | INBCY00 | CBN |
Biochar, India Year 01 | INBDY00 | CBN |
Nature-Based Avoidance, South America
To reflect growing liquidity in South America-based projects, Platts has launched a South American Nature-Based Avoidance (NBA) price assessment.
The assessment will reflect the most competitive of the most fungible carbon credits issued by NBA projects that avoid GHG emissions in the region.
The specifications are as follows:
| Specifications | Nature-Based Avoidance, South America |
| Volume | 5,000–50,000 mtCO2e |
| Standards | VCS, Biocarbon, Cercarbono |
| Vintage | Vintages of the last five years, including the current year, which will roll on the first business day of Q3. For example, for assessments on July 1, 2025, Platts will reflect credits with vintages from 2021 to 2025. |
| Co-Benefits | N/A |
| Geography | Brazil, Colombia, Ecuador, Peru |
| Delivery | Current Year |
| Reference Basis | VCS certified REDD+ projects in Brazil |
| Time Stamp | 14:30 EST |
The assessment follows the Platts US Pricing Holiday calendar and is published in $/mtCO2e under the following symbols and market data category:
Assessment Name | Symbol | Market Data Category |
Nature-Based Avoidance, South America Current Year | SANBC00 | CBN |
Nature-Based Avoidance, South America Year 01 | SANBD00 | CBN |
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