Xpansiv says 37,606 tonnes trade on first day of CCP-aligned GEO contract launch

Xpansiv has attracted trades from several players during the first day of trading in standardised Global Emissions Offset (GEO) contracts aligned with stipulations from the main supply-side integrity initiative in the voluntary carbon market.

The global carbon exchange said 37,606 tonnes of carbon dioxide equivalent were traded Wednesday in GEO contracts aligned with Core Carbon Principles (CCP) drawn up by the Integrity Council for the Voluntary Carbon market (IC-VCM).

“The transactions included 10,000 tonnes of ACR, 15,606 tonnes of Climate Action Reserve, and 12,000 tonnes of Verra credits traded through their respective CBL CCP GEO registry-specific contracts,” Xpansiv said in a statement.

Xpansiv said Mercuria Energy America, ClimeCo, ElectroRoute, Valitera, South Pole, and Cross Stone Capital had all participated in the inaugural day’s trading in the new contracts.