PLATTS CARBON: [amend tech; heard before close] GS/VCS certified Methane Collection (Biogas) credits heard at a 20%-30%/mtCO2e premium over GS/VCS certified Methane Collection (Landfill Gas) credits; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] GS/VCS certified Methane Collection (Biogas) credits heard at a 20%-30%/mtCO2e premium over GS/VCS certified Renewable Energy (Landfill Gas) credits; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] GS certified, Renewable Energy (Wind/Solar) credits heard indicative value $2.00-$2.20/mtCO2e; vintage: 2018+; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] Renewable Energy credits from Turkey heard at a 20 cents-30 cents/mtCO2e premium to Renewable Energy credits from China; source: developer/broker
PLATTS CARBON: [heard before close] Methane Collection credits from Turkey heard at a 20 cents-30 cents/mtCO2e premium to Methane Collection credits from China; source: developer/broker
PLATTS CARBON: [heard before close] GS certified, Renewable Energy (Wind/Solar) credits heard indicative bid $1.50/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] Renewable Energy credits from Turkey heard at a 20 cents-30 cents/mtCO2e premium to Renewable Energy credits from India; source: developer/broker
PLATTS CARBON: [heard before close] Methane Collection credits from Turkey heard at a 20 cents-30 cents/mtCO2e premium to Methane Collection credits from India; source: developer/broker
PLATTS CARBON: [heard before close] GS certified Renewable Energy Wind/Solar credits heard at 50-60 cents/mtCO2e premium towards VCS renewable energy Wind/Solar credits; source: developer/broker
PLATTS CARBON: [heard before close] GS/VCS certified Renewable Energy (Biogas) credits heard at a 40%-50%/mtCO2e premium over GS/VCS certified Renewable Energy (Wind/Solar) credits; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] GS certified, Renewable Energy (Wind) credits heard traded end of January at $2.20/mtCO2e; vintage: 2019; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] GS certified, Renewable Energy (Wind) credits heard 50,000 mt offered at $2.50/mtCO2e; vintage: 2018+; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] GS certified, Renewable Energy (Wind) credits heard 50,000 mt bid at $1.80/mtCO2e; vintage: 2018+; delivery: 2024; co-benefits: unspecified; region: Turkey; source: developer/broker
PLATTS CARBON: [heard before close] VCS-CCB Triple Gold certified REDD+ ID 1477, VM0007 methodology (Katingan) credits heard Sigma’s 118,000 mt offer at $4.15/mtCO2e; vintage: 2018; delivery: 2024; co-benefits: unspecified; region: Indonesia; source: broker
PLATTS CARBON: [Heard before close] VCS-CCB Triple Gold certified REDD+ ID 1650, VM0015 methodology (Keo Seima) credits heard Sigma’s 50,000 mt offer at $5.80/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: Cambodia; source: broker
PLATTS CARBON: [Heard before close] VCS-CCB certified, VM0007 methodology, REDD+ ID 1382 (Envira) credits heard Sigma’s 100,000 mt offer at $5.75/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: Brazil; source: broker
PLATTS CARBON: [Heard before close] 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: [Heard before close] VCS certified REDD+ ID 1622, VM0015 methodology, (The Conservation Coast) credits heard Sigma’s 30,000 mt offer at $5.70/mtCO2e; vintage: 2019; delivery: 2024; co-benefits: unspecified; region: Guatemala; source: broker
PLATTS CARBON: [Heard before close] VCS certified, VM0015 methodology, REDD+ ID 2252 (Rio Anapu) credits heard Sigma’s 30,000 mt offer at $1.00/mtCO2e; vintage: 2019; delivery: 2024; co-benefits: unspecified; region: Brazil; source: broker
PLATTS CARBON: [Heard before close] 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: [Heard before close] 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: [Heard before close] 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: [Heard before close] 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: Laos; source: broker
PLATTS CARBON: [Heard before close] 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: [Heard before close] 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: [Heard before close] VCS certified, ACM0006 Methodology, Methane Collection ID 1186 (Waste Management, Biomass) credits heard Sigma’s 20,000 mt offer at $2.45/mtCO2e; vintage: 2015; delivery: 2024; co-benefits: unspecified; region: Chile; source: broker
PLATTS CARBON: [Heard before close] VCS certified, ACM0006 Methodology, Methane Collection ID 1186 (Waste Management, Biomass) credits heard Sigma’s 20,000 mt offer at $2.95/mtCO2e; vintage: 2016; delivery: 2024; co-benefits: unspecified; region: Chile; 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 CET spot contract heard 2,000 t bid at $0.75/tCO2e
PLATTS CARBON: [heard 1000 GMT]: ACX’s GNB spot contract heard 2,000 t bid at $0.45/tCO2e
PLATTS CARBON: VCS certified AR-ACM0001 methodology Afforestation/Reforestation ID 961 (El Arriero) credits heard Sigma’s offer for 230,000 mt at $11/mtCO2e; vintage: 2018-2021; delivery: 2024; co-benefits: unspecified; region: Uruguay; 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: 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: 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: 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: [heard after close; May 2] VCS certified, ACM0002 methodology, Renewable Energy ID 1753 (Solar) credits heard offered at $1.10/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: India; source: broker
PLATTS CARBON: [heard after close; May 2] GS certified Renewable Energy credits heard at 70 cents/mtCO2e premium towards VCS renewable energy credits; source: developer/trader
PLATTS CARBON: [heard after close; May 2] GS certified Renewable Energy credits heard 50%-60%/mtCO2e premium towards VCS renewable energy credits; source: developer/trader
PLATTS CARBON: [heard after close; May 2] GS certified Renewable Energy (Wind) credits heard 50,000 mt offered at $1.80/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: India; source: broker
PLATTS CARBON: [heard after close; May 2] GS certified Renewable Energy (Wind) credits heard 50,000 mt traded at $1.50/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: India; source: broker
PLATTS CARBON: [heard after close; May 2] VCS certified, ACM0002 methodology, Renewable Energy ID 1753 (Solar) credits heard traded at 80-85 cents/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: unspecified; region: India; source: broker
PLATTS CARBON: GS certified, GS TPDDTEC v3.1 Methodology Household Devices (Safe Water) ID 11151-53 credits heard 25,000 mt offered at $6.50/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: 3, 5, 6, 13; region: Bangladesh; source: broker
PLATTS CARBON: GS certified, ACM0001 Methodology, Methane Collection (Landfill Gas) ID 3976 credits heard offered at $7/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: 3, 4, 7, 8, 9, 13; region: Chile; source: broker
PLATTS CARBON: VCS certified, AMS-I.C. Methodology, Renewable Energy (Biomass) ID 1386 credits heard 50,000 mt offered at $6.05/mtCO2e; vintage: 2016-2017; delivery: 2024; co-benefits: unspecified; region: US; source: broker
PLATTS CARBON: ACR certified, Afforestation and Reforestation of Degraded Lands Methodology ID 114, Afforestation Green Trees ACRE credits heard 50,000 mt offered at $33/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: 3, 6, 9, 13, 15; region: Arkansas, USA; source: broker
PLATTS CARBON: GS certified, GS TPDDTEC v3.1 Methodology Household Devices (Safe Water) ID 11133-36 credits heard 146,000 mt offered at $6.50/mtCO2e; vintage: 2021-2022; delivery: 2024; co-benefits: 3, 5, 6, 13; region: Rwanda; source: broker
PLATTS CARBON: GS certified, Afforestation/Reforestation GHG Emissions Reduction & Sequestration Methodology, Afforestation/Reforestation (Vichada) ID 4221 credits heard 50,000 mt offered at $23.75/mtCO2e; vintage: 2020; delivery: 2024; co-benefits: 12, 13, 15; region: Colombia; source: broker
PLATTS CARBON: ACR certified, Improved Forest Management (IFM) on Non-Federal U.S. Forestlands Methodology ID 592, Improved Forest Management (Removals) credits heard 50,000 mt offered at $26.35/mtCO2e; vintage: 2020-2023; delivery: 2024; co-benefits: 3, 6, 9, 13, 15; region: USA; source: broker
PLATTS CARBON: GS certified, Afforestation/Reforestation GHG Emissions Reduction & Sequestration Methodology, Afforestation/Reforestation (Vichada) ID 4221 credits heard 50,000 mt offered at $24.25/mtCO2e; vintage: 2022; delivery: 2024; co-benefits: 12, 13, 15; region: Colombia; source: broker
PLATTS CARBON: VCS certified, AMS-I.C. Methodology, Renewable Energy (Biomass) ID 1386 credits heard 50,000 mt offered at $6.90/mtCO2e; vintage: 2021; delivery: 2024; co-benefits: unspecified; region: US; source: broker
Mixed movements were seen in the voluntary carbon market on May 3. A price drop was seen in household devices, renewable energy, methane collection and industrial pollutants prices, while Platts CEC saw an uptick.
Several segments of the VCM were gripped by bearish sentiment, with the Platts Household Devices Current Year price shedding a further 5 cents and hitting a new all-time low at $3.90/mtCO2e.
The price has shed 15 cents throughout the week and 55 cents month to date, according to data from S&P Global Commodity Insights.
An India-based broker said the segment continues to be oversupplied, adding that buyers remain reluctant.
Platts heard a 25,000 mt batch of GS certified safe water credits sourced from Bangladesh with 2021-2022 vintages offered at $6.50/mtCO2e. Another batch of GS certified safe water credits of 146,000 mt volumes sourced from Rwanda with 2021-2022 vintages was also heard offered at $6.50/mtCO2e.
The Platts Renewable Energy Current Year price was assessed at $1.60/mtCO2e, dropping 5 cents on the day.
“In general, the demand is low,” a Turkey-based developer/broker said. The source added that while the voluntary carbon market grapples with intense scrutiny, end-buyers have increasingly raised concerns about additionality for renewable energy credits.
Platts heard from the source of 50,000 mt GS certified Wind credits with a 2018+ vintage from Turkey bid at $1.80/mtCO2e, offered at $2.50/mtCO2e. The source said they could not accept this low bid, however, and were holding on to the volume for a better price.
The bearish prices seen for renewable energy credits in Turkey do not consider the operational costs, additional fees and social benefits involved in developing renewable energy projects, the source added.
The source also valued the Turkish premium toward India in the renewable energy segment at 20-30 cents/mtCO2e, while a separate India-based developer valued the premium at 20-28 cents on April 25, narrowing from the 50-60 cents/mtCO2e range reported to Platts from multiple sources over the trading month of April.
The premium has been observed narrowing due to an oversupply of renewable energy credits in Turkey, the source said, echoing the sentiment from multiple sources over the trading week.
On whether the Core Cabon Principles (CCP) launched by the Integrity Council for the Voluntary Carbon Market (CCP) will help to increase price levels, the source said that they have not observed any impact of the discussions surrounding CCP labels yet.
The ICVCM said May 2 carbon credits with a high-integrity label are set to appear on the market not long after the first decisions on project methodologies, which covers categories that include projects related to methane from mines and landfill sites, which are made in June.
Platts heard several offers for GS certified Afforestation/Reforestation from the Vichada project in Colombia.
Two separate batches of 50,000 mt credits, one with a 2020 vintage and another with a 2022 vintage, were heard offered at $23.75/mtCO2e and $24.25/mtCO2e, respectively. Platts previously heard on April 12 an indicative value for the same project with a 2022 vintage at $24/mtCO2e.
Another batch of Vichada project credits with a 2020 vintage was heard offered at $25.50/mtCO2e, although the volume was unspecified.
Platts Natural Carbon Capture Current Year price was assessed stable on day at $12.40/mtCO2e.