Prices for voluntary emissions reductions (VERs) edged up to new heights this week with both lower-end CORSIA-eligible credits and mid-range nature-based units making gains, while Xpansiv market CBL reported a fourfold year-on-year rise in its carbon trade for Q2…. CBL reported a 10-cent rise for its CORSIA-aligned spot Global Emissions Offset (GEO), which settled at a record $2.85 on Friday.

Platts’ Nature-Based Carbon Credit Projects (CNC) assessment lifted 22 cents to $4.67, bringing it closely in line with CBL’s spot Nature-Based GEO (N-GEO), which remained steady at $4.65 for the third straight week.

Xpansiv said it handled a record 25.84 mln carbon offset transactions over Q2, up by a third on the previous quarter and a massive 374% year-on-year. Its GEO contract transacted 2.29 mln, while its N-GEO – which began trading Apr. 19 – saw 2 Mt change hands during the quarter. This included the first physical delivery of GEO spot contracts to settle the GEO futures traded on CME Group’s NYMEX exchange. CME intends to launch its N-GEO futures contract in August.