LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch a futures contract based on the ICE Global Carbon Futures Index (ICE: CO2). The new futures contract is designed to offer the market a way to access and hedge a global price for carbon and is expected to launch in early 2022, subject to regulatory approval.

Additionally, following an index consultation and resulting methodology update, ICE UK Allowance futures (UKA futures) are expected to be added to the ICE Global Carbon Futures Index in January 2022, making it more reflective of global carbon markets.

Read more: https://ir.theice.com/press/news-details/2021/ICE-Expands-Environmental-Complex-with-the-Launch-of-a-Global-Carbon-Futures-Index-Contract/default.aspx