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As the U.S. moves further along efforts to reduce crude oil imports and carbon emissions, it's becoming increasingly accepted that market forces produce the lowest-cost and highest-innovation solutions to complex problems.
So it is with Renewable Identification Numbers (RINs), the credit system established by the Environmental Protection Agency to track each gallon of biofuel produced or imported, Howard Simons, a CME Group contributor and a former trader, wrote in a new report detailing how shifting market dynamics for gasoline and ethanol are affecting the industry.
On May 13, CME Group will launch nine futures contracts based on RINs, offering market participants a financially-settled means to hedge risk in three types of renewable fuels.
Disclaimer: This information was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.