Platts launches Nature-Based, Household Devices Carbon Credit assessments

Following market consultation and feedback, Platts has begun publishing new daily Carbon Credit price assessments which reflect Nature-Based Carbon Credit Projects and Household Device Carbon Credit Projects, effective June 14, 2021.

Liquidity in the associated carbon credit markets has continued to grow, and these new assessments will add further transparency in market pricing and trading activity. Platts launched the CEC assessment, which reflects CORSIA-eligible carbon credits, on January 4 in a note available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/121620-platts-to-publish-voluntary-carbon-credit-price-assessments-jan-4.

Platts CNC reflects the most competitive nature-based carbon credits that either avoid or remove GHG emissions. The CNC is measured in $/mtCO2e and represents five lots of 1,000 CO2e units each and reflects value at 16:30 London time. Platts also publishes a Eur/mtC02e conversion assessment for 16:30 London time.

Platts defines nature-based carbon credit projects as projects that involve Forestry & Land Use including, but not limited to projects that avoid deforestation (including REDD/REDD+), afforestation, reforestation, no-till farming projects, soil sequestration (including biochar), wetland management and/or restoration, and reduced methane from livestock.

Platts CNC reflects the spot market bids, offers and trades for maturations or vintages of each of the last five years for delivery in the current year. Platts does not publish separate values for different vintages of the CNC assessment, but reflects indications in which a buyer agrees to take any suitable vintages for current year delivery.

The Platts Household Devices Carbon Credit assessment reflects the most competitive household device carbon credits, timestamped to 16:30 London time. It reflects 20 lots of 1,000 CO2e units each, and those credits from Household Device projects that carry standard Sustainable Development Goal co-benefits (ie Good Health & Well-being). Platts also publishes a Eur/mtCO2e conversion assessment for 16:30 London time.

Platts defines Household Devices projects as projects that lead to improved Energy Efficiency and Water Access including, but not limited to Clean Cookstoves projects, improved building energy efficiency, and clean water access.

Both the Platts CNC and Platts Household Devices Carbon Credit assessments reflect projects certified by the following groups: The Gold Standard, Climate Action Reserve (CAR), Verified Carbon Standard (VCS), Architecture for REDD+ Transactions, and American Carbon Registry (ACR). Platts reflects all of the nature-based and household device methodologies issued by the above standards.

Platts Carbon Credit Assessments reflect standard SDG co-benefits within each project type (ie Platts CNC reflects credits from projects that have the Climate Action SDG). However, Platts does not reflect additional non-standard SDGs. While credits from projects that contain non-standard SDG benefits may be included within the Platts Market on Close assessment process, they may be normalized back to a standard SDG basis for the purposes of assessment.

These new assessments are available on the Platts Platform, Platts Live and in the Platts Pricing Database under the below codes:

Price Assessment Daily Code MAvg Code

PlattsCNC $/mtCO2e CNCAD00 CNCAD03

Platts CNC Eur/mtCO2e CNCAE00 CNCAE03

Household Devices $/mtCO2e CNHDD00 CNHDD03

Household Devices Eur/mtCO2e CNHDE00 CNHDE03

Please send all feedback, comments 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.