CME Group, the world’s leading and most diverse derivatives marketplace, announced it will launch a Nature-Based Global Emissions Offset (N-GEO)™ futures contract on August 1, 2021, pending all relevant regulatory reviews. N-GEO futures will be the company’s latest market-based solution to help create a more transparent and efficient voluntary emissions offset market.
Manage climate risk related to carbon emissions. Introducing CBL Nature-Based Global Emissions Offset (N-GEO) futures ‒ a reliable, cost-efficient way to access nature-based carbon offsets. https://t.co/qAUwUnTu0K
— CME Group (@CMEGroup) June 21, 2021
“More companies are relying on nature-based offsets as part of their overall climate strategies as the move to net-zero emissions continues to accelerate,” said Peter Keavey, Global Head of Energy at CME Group. “By offering a standardized mechanism for managing the price risk associated with those initiatives, our new N-GEO futures will provide the marketplace with an important tool to help navigate the ongoing energy transition.”
N-GEO futures were jointly developed with Xpansiv market CBL, a leader in spot energy and environmental markets. Xpansiv launched the Nature-Based Global Emissions Offset (N-GEO) spot contract earlier this year, which is based on eligible voluntary offsets from Agriculture, Forestry, and Other Land Use (AFOLU) projects with additional Climate, Community, and Biodiversity (CCB) accreditation.
“Following the rapid market adoption of the GEO, we launched the N-GEO in response to rising demand for nature-based solutions,” said Xpansiv President and COO John Melby. “It brings transparency and price certainty to a vital subset of the offset market, and N-GEO futures will further empower participants to meet climate commitments while promoting biodiversity and supporting developing communities.”
A variety of solutions have emerged to help meet net-zero targets, including projects that protect or restore natural ecosystems, which remove greenhouse gases from the atmosphere. The purchase of nature-based voluntary offsets allows businesses to finance natural climate solutions while transitioning to more sustainable business practices.
The Nature-Based GEO futures will allow for delivery of eligible voluntary offset credits and will be listed by and subject to the rules of NYMEX. For more information and contract specifications, please visit www.cmegroup.com/n-geo.
Source: CME
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
New ESG scores use a methodology aligned with leading global sustainability frameworks & regulations.
-
Pedro Guazo, former CEO of the United Nations pension fund, joined Northern Trust Asset Management last year.
-
Morningstar Sustainalytics's first ESG data survey shows that standardized ESG disclosures are critical.
-
The states claimed that a cartel of fund managers sought to drive up the price of coal.
-
Trading was the equivalent of $1 trillion in notional value for the fifth consecutive year.