Share this article Share this article NEW YORK and SAN FRANCISCO and SYDNEY, April 19, 2021 /PRNewswire/ -- Xpansiv, a global trading platform for ESG-inclusive commodities, today announced the first trades of the Nature-Based Global Emissions Offset™ (N-GEO) on Xpansiv market CBL. Participants supporting the contract include Hartree Partners, Everland, Allcot, Cargill International SA, ClimatePartner, Evolution Markets, Gazprom, Macquarie Group, U.S. Venture, and Viridios Capital. First day volume totaled 131,215 mtCO2e with prices ranging between $4.00 and $5.00. Announced last month, the N-GEO™ contract is composed of eligible voluntary offsets from Agriculture, Forestry, and Other Land Use (AFOLU) projects with additional Climate, Community, and Biodiversity (CCB) accreditation. The CCB Standards can be applied to eligible land-management projects, promoting innovation from early-stage project design through development and implementation. Eligible projects will be carefully vetted under the CBL Standard Instruments Program rules, which also govern the Global Emissions Offset™ (GEO™) contract—the first in this series of standardized contracts developed by Xpansiv.