A Simple Way to Transact High-Quality, Nature-Based Offsets

Eligible N-GEO® offset projects will be carefully vetted under the CBL Standard Instruments Program, which also governs the GEO contract—the first in this series of standardized contracts pioneered by Xpansiv. Developed in response to strong market demand for nature-based solutions, the N-GEO was created based on input from financial institutions, trading firms, project developers, industry associations, corporations, and carbon-standards organizations.

The N-GEO will provide an influx of capital that enables project developers around the world to expand their efforts to combat climate change.

Join CBL and Simplify Your Carbon-Offset Solutions

The N-GEO will trade alongside the GEO on CBL, the world’s leading spot commodity exchange. CBL offers access to a broad range of individual carbon-offset projects from leading registries, enabling unrivalled choice. But for those who don’t want to choose—or don’t have the resources to choose from the vast universe of individual AFOLU projects—the N-GEO provides a turnkey solution. When you buy an N-GEO contract, you purchase a specific underlying AFOLU project that meets Verra’s CCB criteria, which means you can trust that the project protects natural environments and supports the communities who depend on them.

Simplify your path to carbon neutral.

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CME N-GEO Futures: Xpansiv Risk Management and Trading Opportunities

Xpansiv partnered with CME Group, the world’s leading derivatives exchange, to create CBL Nature-Based Global Emissions Offset™ (N-GEO™) futures. This futures contract follows the successful launches of the spot GEO® and N-GEO® on Xpansiv market CBL. CME N-GEO futures offer new trading opportunities and risk mitigation for voluntary carbon markets. The contracts are physically settled with delivery occurring via CBL’s proven settlement infrastructure.

CME N-GEO futures further enhance the GEO suite’s utility as a global carbon benchmark, providing a clear line of sight on a carbon-efficient future.

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Download the N-GEO Product Guide

The N-GEO Product Guide offers an introduction to N-GEO, contract specifications, frequently asked questions, and a guide on how to trade the N-GEO.

Download the N-GEO Fact Sheet

The N-GEO® provides companies with a streamlined way to meet emissions-reductions targets using offsets sourced exclusively from Agriculture, Forestry, and Other Land Use (AFOLU) projects.