Platts proposes amendment to Platts CEC and CNC volume minimums and maximums

Platts, part of S&P Global Commodity Insights, proposes to amend the minimum volume reflected in Platts CEC and Platts CNC voluntary carbon credit assessments to 1,000 mtCO2e from 5,000 mtCO2e and proposes to introduce a maximum volume of 20,000 mtCO2e from Jan. 2, 2023.

Under the current methodology, Platts CEC and Platts CNC reflect bids, offers and transactions of 5,000 mtCO2e and above.

There is currently no maximum volume indicated in the methodology.

Both assessments are measured in $/mtCO2e and represents five lots of 1,000 CO2e units each.

This proposal follows on from the Platts Voluntary Carbon Markets methodology consultation here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062822-platts-to-launch-voluntary-carbon-markets-methodology-consultation

As part of the consultation, Platts sought feedback from market participants on various elements that make up the Platts voluntary carbon credit methodology.

The feedback was sought as part of the process to ensure the Platts assessments reflect the fast-evolving market.

The proposal to amend the minimum volumes will facilitate a closer alignment with volumes traded in the exchange-driven spot market, in line with initial market feedback.

The introduction of a maximum volume would better reflect the differences that transaction size may have on price.

Please send any feedback to platts_carbon@spglobal.com and pricegroup@spglobal.com by Nov. 11.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.