Launch of 12 REDD+ voluntary carbon price assessments and differentials: pricing notice

Fastmarkets launched 12 weekly voluntary carbon price assessments and differentials covering Reducing Emissions from Deforestation and Forest Degredation (REDD+) credits on Wednesday December 18.

December 18, 2024

By Sam Carew

The new prices aim to improve transparency in the voluntary carbon market.
The prices are:

REDD+, Latin America, $/tCO2e
REDD+ v19 differential, Latin America, $/tCO2e
REDD+ v20 differential, Latin America, $/tCO2e
REDD+ v21 differential, Latin America, $/tCO2e
REDD+, Sub-Saharan Africa, $/tCO2e
REDD+ v19 differential, Sub-Saharan Africa, $/tCO2e
REDD+ v20 differential, Sub-Saharan Africa, $/tCO2e
REDD+ v21 differential, Sub-Saharan Africa, $/tCO2e
REDD+, Southeast Asia, $/tCO2e
REDD+ v19 differential, Southeast Asia, $/tCO2e
REDD+ v20 differential, Southeast Asia, $/tCO2e
REDD+ v21 differential, Southeast Asia, $/tCO2e

The specifications are as follows:

REDD+, Latin America, $/tCO2e (CB-CC-0001)
Quality: Carbon credits from representative REDD+ projects in Latin America, verified and issued under Verra’s Verified Carbon Standard (VCS), from vintages of the past five years. Credits must also have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past 5 years
Registry: Verra (Verified Carbon Standard)
Location: Latin America
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time
Notes: The assessment reflects the most competitive and fungible credits that meet the price specification. The assessed vintages will roll at the start of each year. In 2024, the assessment represents vintages 2020-2024; from January 2025, it will represent vintages 2021-2025.

REDD+ v19 differential, Latin America, $/tCO2e (CB-CC-0002)
Quality: The price differential for vintage 2019 REDD+ Latin America credits to the REDD+, Latin America, $/ tCO2e (CB-CC-0001) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2019
Registry: Verra (Verified Carbon Standard)
Location: Latin America
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v20 differential, Latin America, $/tCO2e (CB-CC-0003)
Quality: The price differential for vintage 2020 REDD+ Latin America credits to the REDD+, Latin America, $/ tCO2e (CB-CC-0001) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2020
Registry: Verra (Verified Carbon Standard)
Location: Latin America
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v21 differential, Latin America, $/tCO2e (CB-CC-0004)
Quality: The price differential for vintage 2021 REDD+ Latin America credits to the REDD+, Latin America, $/ tCO2e (CB-CC-0001) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2021
Registry: Verra (Verified Carbon Standard)
Location: Latin America
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+, Sub-Saharan Africa, $/tCO2e (CB-CC-0005)
Quality: Carbon credits from representative REDD+ projects located in Sub-Saharan Africa, verified and issued under Verra’s Verified Carbon Standard, from vintages of the past five years. Credits must also have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five years
Registry: Verra (Verified Carbon Standard)
Location: Sub-Saharan Africa
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time
Notes: The assessment reflects the most competitive and fungible credits that meet the price specification. The assessed vintages will roll at the start of each year. In 2024, the assessment represents vintages 2020-2024; from January 2025, it will represent vintages 2021-2025.

REDD+ v19 differential, Sub-Saharan Africa, $/tCO2e (CB-CC-0006)
Quality: The price differential for vintage 2019 REDD+ Sub-Saharan Africa credits to the REDD+, Sub-Saharan Africa, $/ tCO2e (CB-CC-0005) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2019
Registry: Verra (Verified Carbon Standard)
Location: Sub-Saharan Africa
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v20 differential, Sub-Saharan Africa, $/tCO2e (CB-CC-0007)
Quality: The price differential for vintage 2020 REDD+ Sub-Saharan Africa credits to the REDD+, Sub-Saharan Africa, $/ tCO2e (CB-CC-0005) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2020
Registry: Verra (Verified Carbon Standard)
Location: Sub-Saharan Africa
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v21 differential, Sub-Saharan Africa, $/tCO2e (CB-CC-0008)
Quality: The price differential for vintage 2021 REDD+ Sub-Saharan Africa credits to the REDD+, Sub-Saharan Africa, $/ tCO2e (CB-CC-0005) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2021
Registry: Verra (Verified Carbon Standard)
Location: Sub-Saharan Africa
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+, Southeast Asia, $/tCO2e (CB-CC-0009)
Quality: Carbon credits from representative REDD+ projects located in Southeast Asia, verified and issued under Verra’s Verified Carbon Standard (VCS), from vintages of the past five years. Credits must also have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five years
Registry: Verra (Verified Carbon Standard)
Location: Southeast Asia
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time.
Notes: The assessment reflects the most competitive and fungible credits that meet the price specification. The assessed vintages will roll at the start of each year. In 2024, the assessment represents vintages 2020-2024; from January 2025, it will represent vintages 2021-2025.

REDD+ v19 differential, Southeast Asia, $/tCO2e (CB-CC-0010)
Quality: The price differential for vintage 2019 REDD+ Southeast Asia credits to the REDD+, Southeast Asia, $/ tCO2e (CB-CC-0009) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2019
Registry: Verra (Verified Carbon Standard)
Location: Southeast Asia
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v20 differential, Southeast Asia, $/tCO2e (CB-CC-0011)
Quality: The price differential for vintage 2020 REDD+ Southeast Asia credits to the REDD+, Southeast Asia, $/ tCO2e (CB-CC-0009) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2020
Registry: Verra (Verified Carbon Standard)
Location: Southeast Asia
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time

REDD+ v21 differential, Southeast Asia, $/tCO2e (CB-CC-0012)
Quality: The price differential for vintage 2021 REDD+ Southeast Asia credits to the REDD+, Southeast Asia, $/ tCO2e (CB-CC-0009) assessment. Credits must be issued under Verra’s Verified Carbon Standard (VCS) and have the Climate, Community and Biodiversity (CCB) certification.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: 2021
Registry: Verra (Verified Carbon Standard)
Location: Southeast Asia
Timing: Prompt delivery
Unit: USD per tonne of CO2 equivalent
Publication: Weekly, Wednesday, by 12:30pm London time.

These prices will be a part of the Fastmarkets Carbon package.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact Sam Carew by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Sam Carew, re: REDD+ prices.

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.