Nodal Exchange successfully lists new environmental futures and options – Low Calorie Diets Tips

WASHINGTON–(BUSINESS WIRE). Nodal Exchange’s new products further expand the world’s largest exchange-traded suite of environmental products.

The new line of physically delivered environmental products, developed in partnership with IncubEx, includes:

  • Verified Emission Reduction (VER) Futures & Options: Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) eligible and nature-based credits

  • Certified Emission Reduction (CER) Futures: Commitment Period 2; 2013+; and 2016+

  • Global Emission Reduction (GER)® futures developed by Net Zero Markets

  • Carbon removal futures

  • Futures on certificates for renewable natural gas

  • NEPOOL Quad Qualified Renewable Energy Certificate Class 1 Futures

  • Western Regional Energy Generation Information System (WREGIS) Registered renewable energy certificates from the Center for Resource Solutions (CRS) Listed front-half and back-half wind turbine futures

This new eco-friendly product launch is part of EEX Group’s ongoing commitment to a sustainable future. Nodal Exchange and the European Energy Exchange (EEX) are working with very experienced industrial partners to build up their offer for ecological and voluntary CO2 offsetting. This includes expanding cooperation with IncubEx, a long-standing partner for the development of exchange-traded products and services and customer relationships in global environmental markets. Additionally, Net Zero Markets, a spin-off of award-winning carbon risk management firm Redshaw Advisers, is collaborating with EEX Group to develop the GER product, which Nodal listed today.

“The many environmental contacts we’ve launched since 2018 demonstrate our ongoing commitment to address climate change and innovate to meet the needs of market participants,” said Paul Cusenza, chairman and CEO of Nodal Exchange. “The new contracts expand the broadest range of publicly traded environmental products in the world and build on the carbon credits, renewable energy credits and renewable fuel credit futures and options available on Nodal. We are proud to play a part in efforts to improve our environment.”

“This latest line of products offers the design and innovation that market participants are demanding to meet their climate goals,” said Dan Scarbrough, President and COO of IncubEx. “We will continue to push world class products and try to improve others with feedback from customers, Nodal Exchange and EEX. Together we will continue to build and expand environmental markets for customers around the world.”

Peter Reitz, CEO of EEX, added: “We are very pleased to launch these products on our US exchange Nodal Exchange today. Going to market with products for the voluntary CO2 market is the next logical step in our sustainability roadmap. As an exchange operator, we have a responsibility to our customers and a duty of care to contribute to the transition to a cleaner, greener future.

ABOUT NODAL

Nodal Exchange is a futures exchange that provides pricing, credit and liquidity risk management solutions to participants in the North American commodity markets. Nodal Exchange is at the forefront of innovation and has launched the world’s largest offering of localized (node) electric energy futures contracts and the world’s largest offering of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts in hundreds of unique locations, offering market participants the most effective basic risk management. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear, a CFTC-registered derivatives clearing organization. Nodal Exchange is a designated contracts market regulated by the CFTC.

ABOUT THE EEX GROUP

The EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agricultural markets and subsequent clearing and registration services, connecting a network of more than 800 trading participants. The EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, EEX Asia, Power Exchange Central Europe (PXE) and Nodal Exchange as well as the registry provider Grexel Systems and the software companies KB Tech and Lacima. Clearing is carried out by the clearing houses of EEX Group European Commodity Clearing (ECC) and Nodal Clear. The EEX Group is represented at 19 locations worldwide and is part of the Deutsche Börse Group.

ABOUT INCUBEX

IncubEx is an incubator for exchange-traded products, services and technology solutions. At its core, IncubEx is a product and business development company. The company works with its global exchange partner, the European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in the global environmental, reinsurance and related commodity markets. The company has a particular focus on innovation and continuous improvement of products and services, including technology, commercial solutions and operational efficiencies. Led by former key Climate Exchange executives, the IncubEx team is uniquely positioned to capitalize on these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London.

ABOUT NET ZERO MARKETS

Net Zero Markets is a company dedicated to the development of risk management tools, products and contracts in the global environmental space. Its benchmark product, Global Emission Reduction, will provide the level of transparency and commercialization needed for carbon markets to thrive, allowing more funding to flow into the projects needed to reach net-zero targets.

The company is led by Louis Redshaw, one of the founding figures of the global Carbon Markets. In 2006, he created a standard for trading in CER certificates (Certified Emission Reduction), which was adopted by all major market participants and emissions exchanges. This initiative enabled the launch of a secondary trading market for CERs thanks to the creation of liquidity and price transparency.

Complementing Louis’ deep knowledge and understanding of carbon markets, the broader team has a wealth of experience in innovating and growing markets, with a focus on carbon and energy trading and risk management.

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