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The Commodity Futures Trading Commission (CFTC) issued proposed guidance (the Proposed Guidance) regarding the listing of voluntary carbon credit (VCC) derivatives on CFTC-regulated...
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, ...
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Nature-based Global Emissions Offset (N-GEO) futures contact is linked to projects in forestry, agriculture and other land use, with the trade involving 10,000 N-GEOs for immediate delivery. "We very much welcome the introduction of this new standardized benchmark contract, which will serve an important role as voluntary markets scale up over the next few years," said Julia Elmgren, head of environmental products at Gazprom Marketing & Trading. The trade was done at $5.00/mt ...