Brazil REDD+ 5-year ERPA 1 mt

This assessment represents the price of a typical five-year emission reduction purchase agreement (ERPA) for a new project based in Brazil. It reflects an average of vintages from year minus one (eg, in 2023, this corresponds to 2022) up to and including year plus three (eg, in 2023; this is 2026), and roll every year at the start of January. Verified Carbon Standard (VCS) credits with expected Climate, Community & Biodiversity (CCB) Gold eligibility are reflected. A typical deal size of one million tonne is reflected. Smaller deal sizes may be normalised downwards and bigger deals normalised upwards.