PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 2,500 t offered at $0.62/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's GEO spot contract heard 5,000 t bid at $0.43/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 1,000 t offered at $0.53/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t offered at $1.50/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 9,500 t bid at $0.35/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv19 spot contract heard 5,000 t bid at $1.25/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t offered at $0.43/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's NGEOv18 spot contract heard 5,000 t bid at $0.35/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO-TR spot contract heard 32,098 t offered at $0.35/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's CGEO spot contract heard 7,000 t bid at $0.28/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 7,500 t offered at $0.55/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 2,000 t traded April 26 at 0659 GMT at $0.55/t
PLATTS CARBON: [heard 1200 GMT]: Xpansiv CBL's N-GEO spot contract heard 2,000 t traded April 26 at 0659 GMT at $0.35/t
PLATTS CARBON: VCS certified, VM0015 methodology, REDD+ ID 1953 (Floresta Verde) credits heard Sigma’s 39,000 mt offer at $3.50/mtCO2e; vintage: 2017; delivery: 2024; co-benefits: unspecified; region: Brazil; source: broker
PLATTS CARBON: VCS certified, ACM0002 Methodology, Renewable Energy ID 1999 (Wind) credits heard Sigma’s 100,000 mt offer at $3.55/mtCO2e; vintage: 2023; delivery: 2024; co-benefits: unspecified; region: Thailand; source: broker
PLATTS CARBON: VCS certified, AMS-I.D. Methodology, Renewable Energy ID 3662 (Hydro) credits heard Sigma’s 34,000 mt offer at $5.00/mtCO2e; vintage: 2022-2023; delivery: 2024; co-benefits: unspecified; region: Lao; source: broker
PLATTS CARBON: VCS certified, ACM0002 Methodology, Renewable Energy ID 1999 (Wind) credits heard Sigma’s 38,000 mt offer at $3.35/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: unspecified; region: Thailand; source: broker
PLATTS CARBON: VCS certified, Improved Forest Management (IFM) on Non-Federal U.S. Forestlands methodology, [Forest Carbon], Improved Forest Management ID 1935, (Hubei Hongshan) credits heard Sigma’s 90,000 mt offer at 50 cents/mtCO2e; vintage: 2015-2017; delivery: 2024; co-benefits: unspecified; region: China; source: broker
PLATTS CARBON: VCS-CCB certified, VM0009 methodology, REDD+ ID 934 (Mai Ndombe) credits heard Sigma’s 50,000 mt offer at $1.50/mtCO2e; vintage: 2019; delivery: 2024; co-benefits: unspecified; region: DRC; source: broker
PLATTS CARBON: VCS certified, ACM0002 Methodology, Renewable Energy ID 2065 (Wind/Solar) credits heard Sigma’s 200,000+ mt offer at $1.30/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: unspecified; region: India; source: broker
PLATTS CARBON: VCS-CCB Triple Gold certified REDD+ ID 1650, VM0015 methodology (Keo Seima) credits heard Sigma’s 50,000 mt offer at $5.90/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: Cambodia; source: broker
PLATTS CARBON: VCS certified, AR-ACM0001 Methodology Afforestation ID 799 (Bukaleba) credits heard Sigma’s 50,000 mt offer at $21.99/mtCO2e; vintage: 2016-2020; delivery: 2024; co-benefits: unspecified; region: Uganda; source: broker;
PLATTS CARBON: VCS certified, AR-AM0014 Methodology Afforestation/Reforestation ID 1764 credits heard Sigma’s 20,000 mt offer at $31/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: unspecified; region: Myanmar; source: broker; note: project involved mangroves restoration but was developed under Verra's ARR methodology
PLATTS CARBON: ACR certified, Improved Forest Management (IFM) on Non-Federal U.S. Forestlands methodology, [Forest Carbon], Improved Forest Management ID 698, Katahdin Forestry project credits heard Sigma’s 8,000+ mt offer at $16.50/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: 3, 6, 9, 13, 15; region: Maine, USA; source: broker
PLATTS CARBON: ART Trees certified CORSIA Phase 1 eligible ID 102 (JREDD+) credits heard Sigma's minimum 100,000 mt offered at $27.50/mtCO2e; vintage: unspecified; delivery: 2024; co-benefits: unspecified; region: Guyana; source: broker;
PLATTS CARBON: [heard 1000 GMT]: ACX’s GNA spot contract heard 6,000 t bid at $0.35/tCO2e
PLATTS CARBON: [heard 1000 GMT]: ACX’s GNB spot contract heard 2,000 t bid at $0.45/tCO2e
PLATTS CARBON: [heard 1000 GMT]: ACX’s CET spot contract heard 2,000 t bid at $0.75/tCO2e
PLATTS COMPLIANCE CARBON: ACCU Generic heard traded at AUD 34/mtCO2e for 30,000 mt; source: broker
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard offered at AUD 34.75/mtCO2e for 10,000 mt; source: broker
PLATTS COMPLIANCE CARBON: ACCU HIR heard offered at AUD 35/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: ACCU Generic without avoided deforestation heard bid at AUD 33.75/mtCO2e for 10,000 mt; source: broker
PLATTS COMPLIANCE CARBON: ACCU Generic heard traded at AUD 34.25/mtCO2e for 60,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 51/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 54/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 63/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 59/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 48/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 60/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 57.25/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard traded at NZD 55.75/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 64/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 58/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 49/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 65/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 73/mtCO2e for 10,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 55/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard traded at NZD 55.75/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard offered at NZD 56.50/mtCO2e for 5,000 mt; source: trader
PLATTS COMPLIANCE CARBON: Heard at 1613 Auckland time: NZU heard bid at NZD 55.60/mtCO2e for 10,000 mt; source: trader
The voluntary carbon market closed the week with endured stability, with the majority of Platts’ VCM assessments remaining stable on day, April 26, except for Platts CNC, which fell 4 cents/t.
Two trades were heard on Xpansiv CBL’s N-GEO spot contract at 35 cents/t for 2,000 t and 55 cents/t for 2,000 t on April 26 at 0659 GMT. The same contract was heard bid at 35 cents/t for 9,500 t and offered at 55 cents/t for 7,500 t on April 26 at the 1200 GMT market close. Platts CNC reflects the most competitive, most internationally fungible nature-based credits including standardized contracts.
Meanwhile, Platts Renewable Energy Current Year price was assessed at $1.45/mtCO2e, holding stable since April 19.
Platts heard multiple offers for renewable energy credits from a Europe-based brokerage on April 25, of which included 200,000+ mt VCS certified, ACM0002 Methodology, Renewable Energy ID 2065 (Wind/Solar) credits with a 2021-2022 vintage from India offered at $1.30/mtCO2e.
Despite an influx of offers reported to Platts over the trading week, a lack of corresponding bids and trades were heard.
Multiple sources reported to Platts that major renewable energy credit suppliers -- India and Turkey – have grappled with an oversupply of credits, with sellers holding on to large volumes of VCS certified credits in particular.
Due to oversupply, sellers are forced to offload large volumes at bearish prices, according to sources.
On the multiple integrity initiatives rolled out in the VCM this year, such as the guidelines released by the International Emissions Trading Association to push and incentivize corporates to buy high-integrity carbon credits, an India-based developer/trader said that the impact of the guidelines on prices will be gradual, but they have not been priced into the market yet.
A Turkey-based developer echoed earlier to Platts April 23 that integrity initiatives so far have provided "nothing additional" to the market.
Additionally, Platts Household Devices Current Year price was assessed stable on day at $4.05/mtCO2e. The price shed 45 cents, or, 10%, on the month to date as market participants said in previous sessions that there has been thin trading activity.
Platts Household Devices price reflects 2020-2023 vintages and current-year delivery with indications normalized towards Gold Standard certified cookstoves credits sourced from Africa.
Since the year opened on Jan. 2, where the price was assessed at $4.75/mtCO2e, the price has slipped by about 14.7%, S&P Global Commodity Insights data showed, and remains near an all-time low since the assessment was launched on June 14, 2021.
Furthermore, the Platts Natural Carbon Capture Current Year price was also assessed stable on the day at $12.55/mtCO2e, down 35 cents on the month.
In a previous session, a trader said that they were "not seeing much" activity for afforestation projects sourced from Latin America.
Platts heard a 50,000 mt batch of VCS certified afforestation credits sourced from Uganda with 2016-2020 vintages offered at $21.99/mtCO2e.
Platts is part of S&P Global Commodity Insights.