CBL Global Emissions Offset futures

Manage climate risk using voluntary carbon offset futures

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A near-term carbon offset solution to help meet ESG initiatives

CBL Global Emissions Offset (GEO) futures provide delivery of physical carbon offset credits that have undergone stringent screening. This contract helps the global market base access standardized and validated instruments for the emerging voluntary emissions market.

Key benefits

For the first time, manage climate risk with cleared voluntary offsets

CBL GEO futures offer the first physically settled, exchange-traded risk management tool for voluntary carbon offsets. 

Trade an internationally recognized standard 

Businesses’ carbon emissions can be offset through emissions reduction projects vetted through CORSIA’s global, standardized framework – enabling better management of ESG requirements.

Receive seamless delivery of offset credits

CBL facilitates delivery of offset credits and can help firms onboard with approved registries for seamless delivery.

Add price discovery

Standardized, transparent markets foster true price discovery for participants, providing fair market valuations of carbon offsets.

About CBL GEO futures: Offsetting carbon output

The CBL Global Emissions Offset (GEO) futures contract is a market-based solution built on an international framework, and is positioned to harmonize the buying and selling of offsets from registries and emission reduction projects around the world. The physically settled contract allows for delivery of CORSIA-eligible voluntary carbon offset credits from the following registries: Verified Carbon Standard, American Carbon Registry, and Climate Action Reserve.

Deliveries will be facilitated through CBL, a global leader in spot energy and environmental markets that facilitates the secure and seamless trading of physical commodities like carbon, renewable energy, water, and gas. 

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    Contract specifications

    Contract Specifications

     

    Contract

    CBL Global Emissions Offset Futures

    Commodity Code

    GEO

    Rule Chapter

    1269

    Listing Period

    Monthly contracts listed for the current year and the next three calendar years. List monthly contracts for a new calendar year following the termination of the December contract of the current year.

    Contract Size

    1,000 Environmental Offsets

    Settlement Type

    Deliverable

    Termination of Trading

    Trading terminates three business days prior to the last business day of the contract month.

    Minimum Price Tick

    $0.01 per environmental offset

    Value per Tick

    $10.00

    Block Trade Minimum Threshold

    10 contracts

    Trading and Clearing Hours

    Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

    View full contract specs

    Platform trading codes

    Product Name CME Globex Bloomberg Refinitiv  Globex RIC Root Refinitiv Composite RIC Root TT CQG DTN Fidessa FIS Global ION (Pats & FFastFill) Itiviti (Orc & Tbricks) Vela
    CBL Global Emissions Offset Futures GEO UGEA Comdty 1OEG OEG GEO GEO  QGEO GEO GEO GEO GEO GEO

    Block brokers

    COMPANY CONTACT NAME REGION PHONE
    Affinity Financial Products LLP Affinity Carbon Solutions UK +44 20 3142 0179

    Amerex Brokers LLC

    Emissions desk US

    +1 281 340 5277

    Arraco Global Commodities Ltd Freddie McGeehan EMEA +44 784 272 6155
    BGC Financial LP Carbon Desk US +1 646 346 6899
    Britannia Global Markets Ltd Marc Corban UK +44 203 941 6439
    Clarksons Platou Futures Limited Carbon Desk UK +44 774 704 3022
    Dropet Brokers Ltd Almudena Berrocal UK +44 203 393 4910
    Evolution Markets Futures LLC  Emissions desk US +1 914 323 0265
    Evolution Markets Ltd.  Emissions desk UK +011 44 207 164 4550
    Freight Investor Services Theodore Goulios APAC +65 6535 5189
    IVG Energy, Ltd. Seth Twisselmann US +1 530 536 6673 
    Liquidity Energy LLC Lawrence Roche US +1 609 577 2914
    Marex Spectron International Ltd Envronmental Markets US +1 212 600 2977
    OTC Europe LLP  Michael Walker UK +011 44 740 767 7888
    Pegasus Commodities, LLC Karey Baum US +1 203-249-1338
    PVM Oil Futures Ltd Jonathan Asare EMEA +44 7464 549 486
    SunCo Brokering & Services SA David Fechoz EMEA +41 79 920 27 64
    TFS Energy Emissions desk US +1 212 943 2883
    TFS Limited Emissions desk UK +44 207 726 4988
    TPAC Peter Fredricks US +1 201 557 5270
    TPEL Shane Burton EMEA +44 20 7200 7731

    CME Direct trading grids

    Download the GEO futures trading grids

    1. Right click on the buttons below
    2. Save the files as an .XML on your computer
    3. In CME Direct, select import view in the main menu
    4. Import the grid into CME Direct
    5. Under Menu, click on Save Window Layout

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