Energy Transition, Carbon, Emissions
March 02, 2026
Platts launches project-specific price assessments for nature-based carbon credits in Southeast Asia, March 2
Platts, part of S&P Global Energy, has launched project-specific price assessments for carbon credits generated from nature-based projects in Southeast Asia, effective March 2, 2026.
Platts originally proposed to launch the above assessments in a subscriber note published on Jan. 2 here, followed by a decision note published on Feb. 2.
These new assessments 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 observes considerable price differentiation across REDD+ projects, driven by underlying AFOLU (Agriculture, Forestry and Other Land Use) activities. 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 considers 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 are published under the following symbols and reflect the following specifications:
| Assessment description | Symbol | Monthly Average Symbol | Minimum volume | Maximum volume | Vintage | Delivery |
| Platts REDD Katingan | RKACY00 | RKACY03 | 5,000 mt | 25,000 mt | 2020 | Current Year |
| Platts REDD Keo Seima | RKBCY00 | RKBCY03 | 5,000 mt | 25,000 mt | 2019-2021 | Current Year |
| Platts IFM Kuamut (Removals) | RKCCY00 | RKCCY03 | 5,000 mt | 25,000 mt | 2020-2023 | Current Year |
| Platts IFM Kuamut (Avoidance) | RKDCY00 | RKDCY03 | 5,000 mt | 25,000 mt | 2020-2023 | Current Year |
| Platts WRC Sumatra Merang | RKECY00 | RKECY03 | 5,000 mt | 25,000 mt | 2019-2020 | Current Year |
| Platts REDD Rimba Raya | RKFCY00 | RKFCY03 | 5,000 mt | 25,000 mt | 2017-2019 | Current Year |
| Platts REDD Southern Cardamom | RKGCY00 | RKGCY03 | 5,000 mt | 25,000 mt | 2019-2021 | Current Year |
The assessments 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, 2026, the Current Year assessments will reflect credits for delivery in 2026.
- Frequency: Daily
- Timestamp: 17:30 Singapore Time
- Publishing calendar: APAC Carbon Calendar
These daily assessments can be found in Carbon Markets Daily, and S&P Global Energy Core in the service lines ETA and CMA. Platts will also publish monthly averages for the assessments listed above on CMA2011 and ETA2011, starting Apr. 1.
Platts has also published a clarification regarding existing NBA assessments (ANBAA00 and ANBAB00), which can be found here.
Further details on Platts' carbon assessment specifications can be found here.
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