Launch of seven ARR voluntary carbon price assessments and differentials: pricing notice

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

• ARR VCS, Latin America, $/tCO2e
• ARR VCS v19 differential, Latin America, $/tCO2e
• ARR VCS v20 differential, Latin America, $/tCO2e
• ARR VCS v21 differential, Latin America, $/tCO2e
• ARR VCS native species differential, Latin America, $/tCO2e
• ARR VCS single species differential, Latin America, $/tCO2e
• ARR GS, Latin America, $/tCO2e

The specifications are as follows:

ARR VCS, Latin America, $/tCO2e (CB-CC-0016)
Quality: Carbon credits from representative multi-species ARR projects in Latin America, verified and issued under Verra’s Verified Carbon Standard (VCS), from vintages of the past five years.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five 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.

ARR VCS v19 differential, Latin America, $/tCO2e (CB-CC-0017)
Quality: The price differential for vintage 2019 ARR Latin America credits to the ARR VCS, Latin America, $/tCO2e (CB-CC-0016) assessment.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
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

ARR VCS v20 differential, Latin America, $/tCO2e (CB-CC-0018)
Quality: The price differential for vintage 2020 ARR Latin America credits to the ARR VCS, Latin America, $/tCO2e (CB-CC-0016) assessment.
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

ARR VCS v21 differential, Latin America, $/tCO2e (CB-CC-0019)
Quality: The price differential for vintage 2021 ARR Latin America credits to the ARR VCS, Latin America, $/tCO2e (CB-CC-0016) assessment.
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

ARR VCS native species differential, Latin America, $/tCO2e (CB-CC-0020)
Quality: The price differential for credits issued by Latin America ARR projects that plant 100% native species to the ARR VCS, Latin America, $/tCO2e (CB-CC-0016) assessment.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five 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 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.

ARR VCS single species differential, Latin America, $/tCO2e (CB-CC-0021)
Quality: The price differential for credits issued by Latin America ARR projects that plant only single species to the ARR VCS, Latin America, $/tCO2e (CB-CC-0016) assessment.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five 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
Note: 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.

ARR GS, Latin America, $/tCO2e (CB-CC-0022)
Quality: Carbon credits from representative multi-species ARR projects in Latin America, verified and issued by Gold Standard, from vintages of the past five years.
Quantity: Min 5,000 tCO2e, Max 50,000 tCO2e
Vintage: Past five years
Registry: Gold 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.

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: ARR 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.