CME Group offers LNG market participants critical tools to construct carbon-neutral LNG trades. By combining CME Group’s benchmark Henry Hub Natural Gas futures contract with the CBL Global Emissions Offset futures (GEO) contract, customers can effectively hedge carbon-neutral LNG supply agreements.

GEO, created in partnership with CBL, an Xpansiv company and the leading environmental spot commodity exchange, is a physically settled contract that allows for delivery of CORSIA-eligible voluntary carbon offsets from three registries: Verified Carbon Standard (VCS), American Carbon Registry (ACR), and Climate Action Reserve (CAR). Deliveries will be facilitated through CBL. Launched on March 1, 2021, GEO is a market-based solution that can be utilized by participants across sectors and geographical borders to reduce emissions and mitigate climate pricing risk.