Platts to launch Alberta TIER Emission Performance Credit, Offset Credit assessments

Platts, part of S&P Global Commodity Insights, will launch daily price assessments for Alberta Technology Innovation and Emissions Reduction (TIER) compliance instruments — including both Emission Performance Credits (EPCs) and Alberta Emission Offset (AEO) credits — from Aug. 1, 2025.

The launch date for these assessments has been amended to Aug. 1, from the July 1 launch initially proposed by Platts here.

These instruments are used by regulated entities in Alberta to comply with provincial carbon pricing obligations under the TIER program. EPCs are generated by facilities that outperform their emissions benchmarks, while AEO credits are issued for verified emission reductions from eligible projects outside the industrial regulated sector. Both credit types represent one metric ton of carbon dioxide equivalent and are fungible within the TIER system for compliance use.

These daily spot assessments will enhance market transparency and support risk management and trading activity in Alberta's growing carbon credit markets.

The assessments will reflect prevailing market prices for spot transactions involving eligible TIER EPCs and Offset Credits, and have the following specifications:

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

The EPC and AEO assessments will be published in C$/mtCO2e and converted to $/mtCO2e using a foreign exchange conversion rate with a 16:00 CST timestamp.

Details regarding the methodology for Platts Carbon assessments can be found here.

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 your 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.