UNITED STATES: ICE Launches 10 Carbon Credit Futures Vintages Extending Out to 2030

Thursday August 18 2022

On 17^th August 2022, Intercontinental Exchange, Inc. (NYSE:ICE) announced that it has launched 10 new Nature-Based Solutions Carbon Credit futures contracts, providing a carbon credit futures contract portfolio which allows market participants to buy, sell and hedge carbon credits from 2016 out to 2030. 

On August 15^th, the new contracts launched, 45 lots in the vintage ranges 2017-2021 (OVA) and 2018-2022 (OVB) traded. 

With the addition of the 10 new contracts to the existing 2016 to 2020 nature-based solutions future, ICE now offers 11 carbon credit futures, each covering a fixed period of five years, from January to December from 2016 to 2030. Each futures contract has its own set of expiries which are outlined in each contract specification. 

ICE’s Nature-Based Solutions Carbon Credit futures contract physically delivers Verified Carbon Unit (VCU) credits. Each futures contract is equal to 1,000 carbon credits, where each credit is equal to the removal or reduction of one metric ton of greenhouse gas emissions achieved by projects that preserve and maintain natural ecosystems. 

Click on the above link for further information