Platts extends consultation into European renewable transport certificate markets

Platts, part of S&P Global Commodity Insights, is extending a consultation on European renewable transport certificate markets and welcomes market feedback on how best to reflect this evolving space.

EU directives require member states to increase the share of renewable energy in the transport sector and for fuel suppliers to decrease greenhouse gas emissions in transport fuels. Some member states have chosen to implement these directives through certificate and emissions trading scheme markets.

Certificates can also play an important role in sustainability and double counting mechanisms for feedstocks, an important element in European renewable energy policy.

Initial market feedback has suggested an interest in transparent pricing for European renewable transport fuel certificate markets. Platts is opening this consultation to seek feedback on how this market is currently trading, what role a price assessment reflecting the value of different European certificates could play in the market, sustainability criteria, delivery mechanisms and terms, specifications, and other relevant pricing parameters.

Specifically, Platts seeks feedback on the following markets:

UK Renewable Transport Fuel Certificates (RTFCs), governed by the Renewable Transport Fuel Obligation.

Dutch Renewable energy units (HBEs: hernieuwbare brandstofeenheden), part of the Energy for Transport System.

German Treibhausgasquote (THG quota or THG-quote) and trading fulfilment of obligations. The German Upstream Emissions Reduction (UER) system.

The interaction between renewable transport certificate markets and emissions trading schemes: the EU ETS, UK ETS, and other country-specific emissions reduction programs.

Platts welcomes any additional feedback on renewable transport certificate markets beyond the specific points listed above.

Please send all comments, feedback and questions to MRTS_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com by September 01, 2023.

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.