Xpansiv on Monday announced the first trades of its CORSIA-aligned Global Emissions Offset (GEO) product on its spot exchange subsidiary CBL. Counterparties involved in the trades were Australia-based investment bank Macquarie and environmental market services firm AitherCO2. Xpansiv did not reveal the prices or volumes for the trade. Carbon credits dubbed Eligible Emissions Units (EEUs) and approved by UN body ICAO for compliance with the international aviation offset market CORSIA underpin the GEO product.