Platts to amend Platts CEC and CNC volume minimums and maximums

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

This decision follows on from a proposal published Oct. 21 and available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/102122-platts-proposes-amendment-to-platts-cec-and-cnc-volume-minimums-and-maximums .

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 decision follows on from 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 .

The decision 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 will better reflect the differences that transaction size may have on price.

Please send any further feedback to platts_carbon@spglobal.com and pricegroup@spglobal.com.

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