CME Group announced that its new CBL Australian Carbon Credit Unit (ACCU) futures have launched and are now available for trading. A total of five contracts traded as a block on October 14, 2024, between Freepoint Commodities and Mercuria. This early interest signals market support for the new environmental product.
These physically-settled futures are based on Xpansiv market CBL's underlying ACCU spot market and allow for delivery of Australian carbon credits on the Australian National Registry of Emissions Units (ANREU). The product is designed to help clients manage risks associated with carbon reduction strategies. It also aims to establish a forward curve for price discovery in this evolving market.
The increasing demand for Australian carbon credits, both on a compliance and voluntary basis, underpins the strategic importance of this launch. CME Group continues to expand its suite of energy and environmental products. This initiative provides access to the Australian market and enhances risk management capabilities for participants.
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