New REDD index price sees trade at $11 in first auction to set assessment

Published 16:17 on January 25, 2023  /  Last updated at 16:21 on January 25, 2023  /  Nature-based, Voluntary  /  No Comments

Credits from a well-known REDD project traded at $11 in the first auction on Wednesday to help set a broker's new index price for the avoided deforestation sector, far higher than equivalent prices for standardised nature-based futures on CME.

Credits from a well-known REDD project traded at $11 in the first auction on Wednesday to help set a broker’s new index price for the avoided deforestation sector, far higher than equivalent prices for standardised nature-based futures on CME.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.