Platts to begin publishing Xpansiv CCP label spot settlements

Platts, part of S&P Global Commodity Insights, will begin publishing daily settlement and monthly average settlement prices for Xpansiv's three CCP-labelled contracts, from July 23.

These products reflect standard instruments for voluntary emission offsets that meet criteria aligned with the Core Carbon Principles, as recommended by the Integrity Council for the Voluntary Carbon Market. This will provide market participants with a way to buy and sell offsets that meet globally recognized criteria for quality and integrity.

The assessment details, and accompanying symbols, are outlined below:

Each CCP-labelled unit is associated with an approved registry and is equivalent to the reduction of one tonne of carbon dioxide equivalent.

The settlement prices will reflect a 2:30 pm New York close timestamp.

Platts will assess the Xpansiv CCP-labelled contracts using bids, offers and transactions from the Xpansiv CBL marketplace. In the absence of definitive market information at the close, Platts may consider related market information. This may include information from other Xpansiv spot contracts in the case of spot assessments, as well as reported and published over-the-counter market information. Platts may consider block trades in its assessments, but priority is given to live exchange data in all instances.

More details on the Xpansiv CCP-labelled standardized contract launch are available here.

Please send any feedback 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.