Formula
Future cost = Eligible credits × Future price + Ineligible credits × Replacement price. Transition exposure = Future cost − Current planned cost.
What the result means
The main result estimates added procurement cost if credit prices change and some planned credits require replacement. It does not assign a probability to that scenario.
Eligibility may change with claims rules, buyer standards, registry status, authorization, or vintage restrictions. Review the specific program rather than relying on this estimate alone.