London — S&P Global Platts is to publish the world’s first daily “CORSIA-eligible” carbon credit price assessments form Jan. 4, 2021, Price Group Senior Director…
Dec 16, 2020
The assessments are to provide a transparent view of voluntary carbon markets, which have been embraced by investors and corporations as a tool to finance emission reductions. An example is the International Civil Aviation Organization’s CORSIA program, which has created the mechanism to allow airlines to credibly offset their emissions.
“Global carbon markets have moved beyond the national and regional compliance arenas. We’re now seeing a significant volume in trade in voluntary carbon credits, which are set to grow exponentially,” Rushforth said.
The next UN Conference of the Parties (COP), hosted by the UK in Glasgow in November, 2021, is expected to formalize international trade in carbon credits under the Paris Agreement, he said.
“Carbon pricing will be a key driver of efficiency in global emissions reductions. Our new price assessments are one of the first steps on that journey, providing critical transparency to help market participants understand the value of credits as they plan their carbon neutral strategy,” he said.
The assessments, known as the Platts CEC, are to reflect the daily value of CORSIA-eligible carbon credits.
More benchmark voluntary carbon price assessments are planned by Platts, covering a range of projects including removal, reduction and avoidance of greenhouse gas emissions.
The assessments will reflect credits from projects certified by The Gold Standard, Climate Action Reserve (CAR), Verified Carbon Standard (VCS), Architecture for REDD+ Transactions, and American Carbon Registry.
They will reflect the methodologies for the above standards for relevant types of carbon credit projects as specified by the International Civil Aviation Organization.
Under the ICAO, airlines have committed to reducing their carbon footprint through a voluntary period (2021-2023) and a subsequent mandatory reduction period (2024 onwards).
“Despite COVID having weakened eligible credit demand for CORSIA, the number of commitments to reach net zero emissions from businesses and local governments has doubled in less than a year,” said Roman Kramarchuk, head of energy scenarios, policy and technology at Platts Analytics.
“Engaging carbon markets to offset emissions credibly is increasingly becoming a strategy adopted by leading entities to help achieve their goals. S&P Global Platts Analytics forecasts strong credit volumes from eligible projects, despite today’s tight supply,” he said.
Carbon credits are generated by specific projects that avoid, reduce or remove GHG emissions, and are verified and validated by a set of independent standards created by coalitions of NGOs and market participants over the last few decades.
Voluntary carbon markets have evolved and encompass a large range of project types, geographies and standards ranging from renewables in India to forestry in Brazil.
Jan 12, 2021
S&P Global Platts coal market editors Fred Wang, Sarah Matthews, and Tyler Godwin, and lead coal analyst Matthew Boyle discuss global thermal coal market dynamics, the fundamentals driving demand and supply, and the changes in consumption and production behaviors as the world continues to battle the impact of the coronavirus pandemic.
Jan 05, 2021
The COVID-19 pandemic hit many industries hard in 2020, including automotives.
Electric vehicles’ sales, however, grew substantially from 2019 — and the trend should continue in 2021, supporting the demand for battery metals such as lithium and cobalt.
This edition of the Platts Future Energy podcast explains why EVs outperformed internal combustion engine cars and how the lithium and cobalt markets reacted to this increase amid the pandemic.
After a year of disruption and uncertainty, this edition of Insight looks at emerging themes in energy, from sustainable aviation fuels to China’s net zero…
Dec 15, 2020
After a year of disruption and uncertainty, this edition of Insight looks at emerging themes in energy, from sustainable aviation fuels to China’s net zero aspirations and the impact of the US election.
S&P Global Platts President Martin Fraenkel lays out his five themes to focus on in commodity markets in 2021. This year has been unlike any…
Dec 17, 2020
This year has been unlike any other in recent history. The coronavirus pandemic has left the commodities industry reeling, disrupting supply chains and slashing demand.
What impact will the pandemic have on the energy transition?
What might the commodities industry look like in the future?
Insight Blog: Five commodity themes for 2021
How the energy transition will shape the oil & energy markets we know today. 2020 may be remembered as a tipping point for the oil…
Feb 22, 2021
2020 may be remembered as a tipping point for the oil and energy markets. In the midst of a global pandemic and economic collapse, the debate and interest around the energy transition has shifted firmly to how the drive of net-zero carbon will shape the markets in the coming decades.
Join us at S&P Global Platts Virtual London Energy Forum 2021 on Monday, February 22, 2021.
Giving your business the best chance of success requires constantly understanding how today’s markets influence the rate of change and long-term direction of business needs. Positioning and timing are crucial. Gain exclusive access to detailed information into how the market is evolving via our virtual platform and experience high-quality content, structured networking functions to enable private 1:1 and group meetings with our attendees, fun activities, workshops to develop your knowledge and connect sessions to better understand our perspectives from our editors and analysts.
Join our renowned editors, analysts and guests to gain a comprehensive view of where the move to sustainable energy is – and where it’s headed. How will changes in technology, policy and consumer preference determine supply, demand and price for future energy and commodity markets?
S&P Global Platts Virtual London Energy Forum is the largest free event for the energy market, the event provides a platform to come together to learn and collaborate.
– The forum kicks off London IP Week, it’s not to be missed
– 7hrs of unrivalled insights from 20+ speakers
– Access our new virtual environment with an enhanced user-friendly interface
– Schedule 1 to 1 meetings with the attendees to discuss business and catch up
Dec 07, 2020
The 2020 US elections were arguably the most consequential of our time. Among the many issues that drove voters to choose one candidate over another…
Dec 21, 2020
The 2020 US elections were arguably the most consequential of our time. Among the many issues that drove voters to choose one candidate over another was energy. Oil, natural gas and the energy transition all were at play, and now the incoming administration of President-elect Joe Biden will be expected to deliver on promises made.
Jasmin Melvin and Maya Weber of S&P Global Platts and Ellie Potter of S&P Global Market Intelligence discuss the challenges and opportunities for Biden in his first 100 days and what that could mean for energy markets.
Additional coverage: Commodities 2021
Additional coverage: US energy policy
Additional coverage: 2020 US elections
In the latest Platts Future Energy podcast, Janjoost Jullens, Energy Lead at the at the Blocklab innovation lab in the Netherlands, and James Rilett, Senior…
Jan 04, 2021
In the latest Platts Future Energy podcast, Janjoost Jullens, Energy Lead at the at the Blocklab innovation lab in the Netherlands, and James Rilett, Senior Director of Innovation at S&P Global Platts, tell Henry Edwardes-Evans about Platts AI trading platform Distro.
Rotterdam’s blockchain-based microgrid has driven user costs down 11% and producer returns up 14% – now its developers are looking to extend its reach within the port and roll the system out elsewhere.
Dec 10, 2020
This week’s Market Movers Americas, presented by Christopher Newkumet: – Oil traders eye pre-inauguration protests – USGC refinery margins seek demand recovery queues – Gulf…
Jan 18, 2021
This week’s Market Movers Americas, presented by Christopher Newkumet:
– Oil traders eye pre-inauguration protests
– USGC refinery margins seek demand recovery queues
– Gulf Coast LNG netbacks from Platts JKM on autopilot
– Clean freight hits 2021 high amid tonnage crunch
– US automakers face disruptions on semiconductor shortage