Spot commodities exchange and market data firm Xpansiv launched a nature-based version of its Global Emissions Offset (GEO) on Thursday, building on the firm’s spot and futures offerings of its CORSIA-aligned carbon credits. The “N-GEO”, set to begin trading on Xpansiv market CBL in early April, will consist of agriculture, forestry, and other land use (AFOLU) projects that feature additional co-benefit accreditation from the Climate, Community, and Biodiversity (CCB) programme.

“This groundbreaking contract will bring transparency and price certainty to an extremely important subset of the offset market, which will lead to further investment in projects that are leading the battle against climate change,” he added.