CME Group CBL Global Emissions Offset
The Global Emissions Offset futures (GEO) contract is a physically settled contract that allows for delivery of CORSIA eligible voluntary carbon offset credits from three registries: Verified Carbon Standard (VCS), American Carbon Registry (ACR), and Climate Action Reserve (CAR). Deliveries will be facilitated through CBL, a global leader in spot energy and environmental markets. The contract allows for companies to meet short-term carbon reduction goals and reduce their carbon footprint as they transition to more sustainable practices.
The contract became effective through the CME group on March 1st, 2021.
|CBL Global Emissions Offset Futures|
|Contract Unit||1000 environmental offsets|
|Price Quotation||U.S. dollars and cents per environmental offset|
|Trading Hours||CME Globex:||Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)|
|CME ClearPort:||Sunday 6:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT|
|Minimum Price Fluctuation||0.01 per environmental offset = $10.00|
|Product Code||CME Globex: GEO
CME ClearPort: GEO
|Listed Contracts||Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.|
|Floating Price||The floating price is equal to CBL Global Emissions Offset spot price|
|Termination of Trading||Trading terminates 3 business days prior to the last business day of the contract month.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 1269|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|
- CBL Global Emissions Offset futures (GEO) FAQ. CME.
- CBL Global Emissions Offset (GEO) futures product overview. CME.
- New Product Summary: Initial Listing of the Physically-Delivered CBL Global Emissions Offset Futures Contract - Effective March 01, 2021. CME.
- NYMEX 1269. CME.
- Block Minimum Thresholds. CME.
- Quote Vendor Symbols Listing. CME.