A spokesperson for commodities trading and data firm Xpansiv said that prices for the company’s CORSIA-aligned Global Emissions Offset (GEO) have risen above $1.00 in recent days on heightened interest.
- US-based exchange operator CME Group has partnered with Xpansiv and will launch a futures contract for offsets eligible under the CORSIA international aviation carbon credit programme, the companies announced Tuesday. The derivatives offering, which will launch Mar. 1 pending regulatory review, will be based on Xpansiv’s spot GEO contract, which itself is based on credits approved for use under the international aviation offset scheme CORSIA.
- Oxy Low Carbon Ventures, a subsidiary of US-based Occidental Petroleum, delivered 2 mln barrels of carbon neutral oil to Indian conglomerate Reliance Industries, the companies announced Friday. Australian-headquartered investment bank Macquarie Group arranged the purchase and retirement of the undisclosed number of credits, which were derived from a variety of projects registered under Verra’s Verified Carbon Standard (VCS) and eligible for CORSIA.