The Evolution Markets carbon brokerage teams in London and New York have brokered the first trade in the CME-listed voluntary carbon offset futures contract. The milestone trade marks an important evolution in trading and risk management in the carbon offset market. Counterparties in the trade were Hartree Partners, Mercuria Energy Americas, and Vitol SA.
The CME futures contract, named the Global Emissions Offset (GEO), is modeled on the carbon offset spot contract at CBL Markets. The contract's delivery mechanism also uses the CBL settlement infrastructure.
More details are in our News Release. For more information on trading in the GEO contract, or voluntary carbon offsets in general, please contact our Global Carbon Markets Team at +44 (0)20 7264 4550 / firstname.lastname@example.org or +1 914.323.0265 / email@example.com.