S&P Global Platts announces 36 new prices reflecting cost of using biofuel to reduce GHG emissions

In New York state, S&P Global Platts announced it has launched a suite of 36 new daily prices to reflect the cost of reducing greenhouse gas emissions using biofuels. 

These new calculations, spreads and ratios use existing Platts assessments in global biofuels, refined product and carbon credit markets to give key insights to the actual cost of carbon emission reductions from biofuel use. 

The new Platts price calculations, spreads and ratios include:

• • Spreads and ratios between existing Platts assessments, such as ethanol and gasoline, as well as renewable diesel and fossil-fuel diesel 
• • Values per point-of-carbon-intensity under California’s Low Carbon Fuel Standard 
• • Calculated costs of reducing greenhouse gas emissions under Europe’s Renewable Energy Directive using Platts biofuel and fossil fuel assessments