Manage climate risk, add price discovery, and proactively pursue ESG initiatives with a new voluntary emissions offset contract.
Globex code NGO
CBL Nature-Based Global Emissions Offset (N-GEO) futures offer firms a simple way to meet emissions-reduction targets using high-quality, nature-based offsets sourced exclusively from agriculture, forestry, and other land use (AFOLU) projects. This contract builds on the success of CBL GEO futures to offer another risk management tool for addressing carbon footprints in the growing voluntary emissions offset marketplace.
Deliveries are facilitated through CBL, a global leader in spot energy and environmental markets that facilitates the secure and seamless trading of physical commodities such as carbon, renewable energy, water, and gas. In addition to providing efficient delivery of offset credits, CBL also offers help for onboarding with approved registries.
Get alerted when a new issue of Climate Markets Update from Carbon Pulse is ready to view, every other Thursday.
N-GEO futures - A natural solution
N-GEO futures bring more options for market participants to access standardized and defensible voluntary emissions offset credits through the spot and cleared futures market.
Finding a Solution for Global Carbon Offsets Pricing
OpenMarkets article discussing the shift to a low-carbon economy and near-term reduction strategies that leverage emissions offset projects that may help be part of the solution.
Going Green with Carbon-Neutral LNG
Read how carbon-neutral liquefied natural gas (LNG) is being used to offset carbon emissions from the LNG supply chain.
Carbon Convergence Across the GEO-Sphere
Learn how the GEO futures contract provides convergence between vetted offset registries and project types to establish a much-needed global emissions offset benchmark.
Standardization of Voluntary Emissions Markets Webinar
Watch Russell Karas, Sr. Director of Energy Products, discuss the voluntary emissions markets: what they are, how they operate, and the futures contracts CME Group offers to support meeting emissions reduction targets.
View a snapshot of key contract details on the CBL N-GEO futures coming to CME Group.
Contract |
CBL Nature-Based Global Emissions Offset Futures |
|---|---|
Commodity code |
NGO |
Rulebook chapter |
1258 |
Settlement type |
Physical |
Settlement registries |
Verified Carbon Standard (VCS) |
Deliverable offsets |
VCS offsets with Climate, Community, and Biodiversity (CCB) Certification |
Contract size |
1,000 Environmental Offsets |
Listing schedule |
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. |
Minimum price fluctuation |
$0.01 per environmental offset |
Value per tick |
$10.00 |
First listed month |
September 2021 |
Block trade minimum threshold |
10 contracts – subject to a minimum 15-minute reporting window |
Termination of trading |
Trading terminates three business days prior to the last business day of the contract month. |
CME Globex /CME ClearPort trading hours
|
Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time/ET (5:00 p.m. - 4:00 p.m. Central Time/CT) with a 60-minute break each day beginning at 5:00 p.m. ET (4:00 p.m. CT) |
| CBL Nature-Based Global Emissions Offset Futures | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product Name | CME Globex | Bloomberg | CQG | TT | Fidessa | FIS Global | DTN | Refinitv | ION (Pats & FFastFill) | Itiviti (Orc & Tbricks | Vela |
| CBL Nature-Based Global Emissions Offset Futures | NGO | LGOA <Comdty> | NGO | NGO | NGO | NGO | QNGO | ONG | NGO | NGO | NGO |
Download the N-GEO futures trading grids
- Right click on the buttons below
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- Import the grid into CME Direct
- Under Menu, click on Save Window Layout
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