With the industrial revolution, demand for energy increases exponentially. Coal fuels the factories of the 18th and 19th centuries, while oil powers the transportation boom of the 20th century.
For all of fossil fuel’s usefulness, its consumption impacts our natural environment. This spurs us as a civilization to continue innovating. Now, increasingly clean and efficient resources such as ethanol, biodiesel, natural gas and wind power may prove to be the next group of commodities to benefit from regulated exchange trading.
Just as futures exchanges help stem the tide during the energy crises of the 1970s, CME Group helps guide a new era of risk management opportunities based on fossil fuel and renewable energy products.