Platts to change assessment time for Carbon Credit assessments to 1200 GMT

S&P Global Platts will update the timestamp reflected in its Carbon Credit assessments to 1200 GMT, effective Aug. 9, 2021.

Currently, Platts assesses its carbon credit assessments at 4:30 pm London time.

Platts is making the change to better reflect the global nature of the developing carbon credit market and believes that a timestamp of 1200 GMT better reflects a global marketplace, thereby allowing for more robust, global assessments.

As part of this decision, Platts will also launch new currency conversions to reflect the updated assessment time.

Under this decision, information received after 1200 GMT will not be considered in that day's carbon credit assessments but will instead be considered for assessment the following day.

Additionally, Platts will also amend the publication schedule for its carbon assessments to better reflect a global holiday schedule.

Currently, the Platts Carbon assessments reflect the UK holiday calendar.

As of Aug. 9, Platts Carbon assessments will be published on a new holiday cadence that will only reflect global holidays where all Platts offices are closed.

This decision will affect the following assessments:

Platts considers the timestamp of record of a company's intent to buy/sell as the time that Platts receives the information and not the time a message was sent by the company or trading party.

Platts also invites feedback as to whether it should consider separate assessments for any key values at additional timestamps.

Please send any further 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.