S&P Global Commodity Insights - Carbon Markets Daily

Carbon Markets Daily

March 14, 2023

„ Unit: Australian dollars per metric ton of carbon dioxide equivalent (AUD/mtCO2e) „ Volume: 1,000 mtCO2e to 100,000 mtCO2e New Zealand Carbon Credit Units Platts has begun publishing a daily New Zealand Unit price assessment. NZUs are issued by the New Zealand government to participants under its Emissions Trading Scheme. The government auctions certain proportion of NZUs quarterly to ETS participants and allocates some of them freely to certain industrial entities. The government also issues NZUs to forestry project developers under a legislated methodology for sequestering carbon. The daily Platts assessment will reflect the following: „ Time Stamp: 19:30 Auckland/Wellington/Christchurch „ Unit: New Zealand dollars per metric ton of carbon dioxide equivalent (NZD/mtCO2e) „ Volume: 1,000 mtCO2e to 100,000 mtCO2e Both ACCUs and NZUs do not have an expiry date and can be held by the market participants in line with the respective country’s financial laws. Platts spot market assessments do not include a specific vintage, but will include the most competitive contracts available. These assessments are published in Platts Carbon Markets Daily, on Platts Carbon Markets Alert and Energy Transition Alert, and in the Platts Pricing Database under the following codes: Assessment Daily Code Monthly Code Currency ACCU Generic ACCGA00 ACCGA03 AUD ACCU HIR ACCHA00 ACCHA03 AUD NZU ANZUA00 ANZUA03 NZD Platts will publish these assessments in line with the APAC Carbon publishing calendar. More details about the publication schedule can be found here: https://www.spglobal.com/ commodityinsights/en/our-methodology/holiday 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. Platts begins publication of Korean Allowance Unit and Korean Offset Credit Carbon Assessments Platts, part of S&P Global Commodity Insights has started publishing new Korean Allowance Unit (KAU) and Korean Offset Credit (KOC) Carbon Markets assessments from March 1, 2023. A proposal was published Jan. 30 and available here: Please send all questions and feedback to AsiaComplianceCarbon@spglobal.com ,

four years, including the current year, which would have been 2020-2023 on Jan. 3, 2023. Under the methodology change, Platts will instead update the vintages reflected from July 3, 2023. In the above example, Platts Household Devices will continue to reflect vintages from 2019 to 2022 on Jan. 3 and only roll to reflect vintages from 2020 to 2023 on July 3, 2023. The methodology change has been made following research as well as market feedback, which found that credits reflecting current year vintage were not available for most product types until later in the calendar year, following the verification of individual project emissions data. While credits for current year vintages for some project types are available promptly into the new year—Renewable Energy and Methane Collection, for example — current year vintage credits from other types of projects —Agriculture, Forestry & Land Use (AFOLU) and Household Devices projects, for example — typically take longer to verify. Please send any further 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 launches Australian and New Zealand carbon credit assessments Platts, part of S&P Global Commodity Insights, has begun publishing new daily assessments for Australian Carbon Credits Units (ACCUs) and New Zealand Units, (NZUs) effective March 1. These daily spot market assessments reflect the most competitively priced bids, offers and trades as reported in either the Platts Market on Close assessment process, in the brokered market, or on trading and exchange platforms. Australian Carbon Credit Units Platts has begun publishing two new daily price assessments covering the Australian Carbon Credit Unit market: Generic ACCUs and Human-Induced Regeneration ACCUs. ACCUs are issued by Australia’s Clean Energy Regulator to carbon project developers based on legislated methodologies. They are used to offset emissions by liable entities under Australia’s Safeguard Mechanism scheme and can also be used to offset additional emissions on a voluntary basis. Generic ACCUs represent credits issued for avoidance-based methods such as avoided deforestation, landfill and alternative waste treatment and energy efficiency methods. Human-Induced regeneration, or HIR ACCUs are generated from projects that store carbon by establishing and maintaining permanent native forests through assisted regeneration in the form of activities such as livestock and grazing management. The daily Platts assessments will reflect the following: „ Time Stamp: 19:30 Melbourne/Sydney/Canberra time

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