CME Group Launches CBL Australian Carbon Credit Unit Futures

by Yuki

CME Group, the world’s leading derivatives marketplace, has officially launched its CBL Australian Carbon Credit Unit (ACCU) futures for trading. The inaugural trade involved five contracts executed as a block between Freepoint Commodities and Mercuria.

These new futures contracts are physically settled and linked to the underlying ACCU spot market managed by Xpansiv’s CBL. They provide market participants with enhanced access to Australian carbon credits, which are increasingly sought after for both compliance and voluntary carbon reduction strategies.

Peter Keavey, Global Head of Energy and Environmental Products at CME Group, commented on the launch, stating, “We are pleased to see industry interest and support for our new CBL ACCU futures, which are the latest product we have launched with Xpansiv to help clients manage the risks associated with carbon reduction strategies. Demand for Australian carbon credits is increasing on both compliance and voluntary bases. ACCU futures will not only provide access to the Australian market but will also help establish a forward curve, allowing for more price discovery in this rapidly evolving space.”

The CBL ACCU futures allow for the delivery of Australian carbon credits that meet specific screening criteria on the Australian National Registry of Emissions Units (ANREU). The delivery process will be facilitated by CBL, with the futures contracts listed and governed by NYMEX rules.

CME Group offers a comprehensive suite of futures and options products across all major asset classes, enabling clients to trade efficiently and manage risk effectively.

As a recognized leader in derivatives trading, CME Group continues to empower market participants worldwide to navigate risks and seize opportunities in a dynamic market landscape.

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