CME Group announced it will inaugurate a futures contract for CBL’s Core Global Emissions Offset (C-GEO) next month, adding the standardised renewables and tech-based offering to its growing suite of carbon credit products.​ ​The Mar​ch​ 7 introduction of the CBL C-GEO futures, pending regulatory review, comes just a month after ESG commodities marketplace Xpansiv’s CBL platform launched a spot contract.

“CBL C-GEO futures are the latest in our suite of risk management tools to help bring standardised benchmarks to the rapidly evolving voluntary carbon markets,” said Peter Keavey, global head of energy and environmental products at CME Group, in a press release.