OPIS by IHS Markit Expands Carbon Pricing Suite with Additional Transparency for World’s Largest Compliance Markets | 2021-09-01 | Press Releases
Provides new assessments for Renewable Energy Certificates (RECs) under the US East Coast Renewable Portfolio Standards (RPS) programs and comprehensive information on carbon markets compliance with price transparency for 16 environmental programs in a only report
OPIS, an IHS Markit Company (NYSE: INFO), the leading provider of reference for data on emissions and carbon markets, today launches an extension of its comprehensive daily compliance carbon pricing services, delivering the most high transparency for the biggest shows in the world. The OPIS Carbon Market Report Expansion expands the OPIS Compliance Carbon Pricing Suite to more than 100 indices and provides solutions for stakeholders in compliance with jurisdictional programs.
The new price assessments include renewable energy certificates in New Jersey, Pennsylvania, Maryland, Massachusetts and Connecticut, the New England Power Pool General Information System and PJM Environmental Information Services, as well as additional assessments for the California cap-and-trade program and CloseCurlyQuote.
In the face of growing awareness of the global climate challenge and in anticipation of the United Nations Conference of the Parties on Climate Change (COP 26) in November, governments are deploying and strengthening environmental programs that put a price on carbon as a strategy reduction in emissions.
In the United States, 17 state and local governments have increased their clean energy targets in their renewable energy portfolio standards over the past three years. Meanwhile, in 2021, California implemented new cap-and-trade regulations for carbon offsets, creating a separate market for credits that are awarded to projects with a direct environmental benefit in the state. On the east coast, the multi-state Regional Greenhouse Gas Initiative (RGGI) is attracting more participation, with Virginia becoming the 11th state in the cap-and-trade cooperative for electricity emissions this year. Pennsylvania is on the bridge to join RGGI in 2022.
“The call to action for global climate mitigation launched in the Paris Agreement paves the way for all governments to adopt carbon policies that take advantage of market-based mechanisms, & CloseCurlyDoubleQuote; said Fred Rozell, President, OPIS by IHS Markit. “Initiatives that put a price on carbon effectively reduce greenhouse gas emissions and generate revenue for clean energy and environmental programs. The comprehensive suite of OPIS carbon assessments provides transparency for all sectors covered by regulatory programs and companies engaged in voluntary offsetting of their carbon footprint through carbon credits. ”
The OPIS carbon market report includes daily assessments and analyzes of California carbon allowance prices, California carbon offsets, Regional Greenhouse Gas Initiative quotas, renewable energy certificates from United States, California Low Carbon Fuel Standard and CloseCurlyQuote, Oregon Clean Fuel Program and CloseCurlyQuote, Quebec Cap and CloseCurlyQuote. -and-Trade System and the US Renewable Fuels Standard. The report also provides carbon market pricing, information and analysis for European Union allowances, UK allowances and China carbon emission allowances.
OPIS launched Daily Price Transparency for Compliant Carbon Markets in 2014. It remains the benchmark pricing agency by the California transportation fuels industry for accurate cap-and-trade and offsetting assessments. the Low Carbon Fuel Standard (LCFS).
The OPIS California Carbon Allowances (OPIS CCA) and Regional Greenhouse Gas Initiative Allowances (OPIS RGGI) ratings underpin the IHS Markit Global Carbon Index (GLCARB), which serves as a benchmark for the KFA Global Carbon ETF (KRBN), launched in 2020 The green investment fund currently manages over $ 500 million in assets.
The OPIS Carbon Market Report is released daily to meet the demand for benchmark pricing for carbon and emissions programs. The OPIS Carbon Market Report and the Daily OPIS Global Carbon Offsets, which were launched in December 2020, together provide the largest suite of compliance and voluntary carbon market pricing by any pricing information agency. in the world. Robust and comprehensive OPIS coverage of carbon markets enables global project developers, traders, traders and investors to accurately identify the fair value of their assets and understand the compliance costs associated with carbon and development programs. ’emissions.
OPIS carbon ratings reflect confirmed offers, offers and transactions reported by approved merchants, brokers and electronic platforms. Full details on voluntary carbon and OPIS compliance methodologies can be found in OPIS Carbon Market Pricing.
For more information on the OPIS Carbon Market Report, contact Lisa Street, Director, Global Carbon Pricing, OPIS by IHS Markit at [email protected]
About OPIS (www.opisnet.com)
IHS Markit’s Oil Price Information Service (OPIS) (NYSE: INFO) provides accurate pricing, real-time information and expert analysis across the global supply chain in fuel. By leveraging data from its spot, rack and retail market sources, OPIS enables its customers to confidently buy and sell oil, gas and petrochemical products around the world.
About IHS Markit(www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a global leader in critical information, analysis and solutions for key industries and markets that power economies around the world. The company delivers next-generation information, analysis and solutions to its business, finance and government clients, improving their operational efficiency and providing in-depth insights that lead to informed and secure decisions. IHS Markit has more than 50,000 commercial and government clients, including 80% of the Fortune Global 500 and major global financial institutions. IHS Markit, headquartered in London, is committed to sustainable and profitable growth.
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