Energy Transition, Carbon, Emissions
February 02, 2026
Platts to launch project-specific price assessments for nature-based carbon credits in Southeast Asia, March 2
Platts, part of S&P Global Energy, will launch project-specific price assessments for carbon credits generated from nature-based projects in Southeast Asia, effective March 2, 2026.
These new assessments will better capture the price differentiation between different REDD+ projects, which show considerable variation in value.
The nature-based avoidance category primarily comprises REDD+ projects. REDD+ refers to "Reducing Emissions from Deforestation and Forest Degradation," with the "+" encompassing conservation, sustainable forest management and enhancement of forest carbon stocks.
Platts has observed considerable price differentiation within REDD+ projects driven by the underlying AFOLU (Agriculture, Forestry and Other Land Use) activity. AFOLU represents a category of activities that influence greenhouse gas emissions through land-use changes. Within REDD+, AFOLU activities are a primary determinant of price differentiation due to their impact on project complexity, permanence, leakage risk and co-benefits such as biodiversity and community development.
Platts will consider market information reported to Platts and published throughout the day, including firm bids, offers, trades and indicative values, as well as any other data deemed relevant up to the close of the assessment process at 17:30 Singapore time.
The assessments will be published under the following symbols and will reflect the following specifications:
| Assessment description | Symbol | Minimum volume | Maximum volume | Vintage | Delivery |
| Platts REDD Katingan | RKACY00 | 5,000 mt | 25,000 mt | 2020 | Current Year |
| Platts REDD Keo Seima | RKBCY00 | 5,000 mt | 25,000 mt | 2019-2021 | Current Year |
| Platts IFM Kuamut (Removals) | RKCCY00 | 5,000 mt | 25,000 mt | 2020-2023 | Current Year |
| Platts IFM Kuamut (Avoidance) | RKDCY00 | 5,000 mt | 25,000 mt | 2020-2023 | Current Year |
| Platts WRC Sumatra Merang | RKECY00 | 5,000 mt | 25,000 mt | 2019-2020 | Current Year |
| Platts REDD Rimba Raya | RKFCY00 | 5,000 mt | 25,000 mt | 2017-2019 | Current Year |
| Platts REDD Southern Cardamom | RKGCY00 | 5,000 mt | 25,000 mt | 2019-2021 | Current Year |
The volume specifications for the above assessments have been amended following feedback received to an initial proposal (published Jan. 2 and available here). Platts originally proposed a range of 5,000-50,000 mtCo2e but understands that smaller trades are more typical in this space.
Further, Platts will not launch an assessment for the REDD Tumring project, as proposed earlier, due to a lack of trading activity.
The assessments will have the following specifications:
- Currency: US dollars
- Annual rollover: Assessments will roll on the first working day of the calendar year. For example, for assessments on March 2, 2025, the Current Year assessments will reflect credits for delivery in 2026.
- Frequency: Daily
- Timestamp: 17:30 Singapore Time
- Publishing calendar: APAC Carbon Calendar
These symbols can be found in Carbon Markets Daily, and S&P Global Energy Core in the service lines ETA and CMA.
Further details on Platts' carbon assessment specifications can be found here.
Please send all comments, feedback, 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.