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[Members in The News] ICE to Launch its First Nature-Based Solutions Carbon Credit Futures Contract

November 05, 2021 9:30 AM | EMA Staff (Administrator)

(November 05)

LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch its first Nature-Based Solutions (NBS) carbon credit futures contract.

Subject to regulatory approvals, the new futures contract is expected to launch in the first quarter of 2022. It will be traded and cleared by ICE in London and will physically deliver credits certified under Verra’s Verified Carbon Standard (VCS) and Climate, Community and Biodiversity (CCB) Standards Programs. Each futures contract will be equal to 1,000 eligible VCS credits with each credit equivalent to one metric ton of greenhouse gas emissions.

Read More: https://ir.theice.com/press/news-details/2021/ICE-to-Launch-its-First-Nature-Based-Solutions-Carbon-Credit-Futures-Contract/default.aspx

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