Sustainability is a global, strategic priority for the EEX Group and Nodal Exchange, and we believe a fundamental responsibility for us all. Nodal Exchange is committed to contributing to the fight against climate change through the creation of innovative products and placing sustainability at the heart of everything we do.
“Sustainability is at the heart of everything we do. It’s a core part of our vision, it’s a core part of our strategy, it’s a core part of our DNA” – Peter Reitz, CEO of EEX
As part of our commitment to a sustainable future, Nodal Exchange, in cooperation with IncubEx, aims to develop and offer products and services that best meet the growing and evolving needs of the North American environmental markets and currently offers the largest set of environmental contracts in the world.
Nodal Exchange listed our first environmental futures and options contracts in November 2018. In 2019 Nodal Exchange and IncubEx expanded the suite of environmental products with nearly a dozen new futures on Renewable Energy Certificates (RECs). In 2020, Nodal Exchange launched eight new Renewable Identification Number (RIN) futures and options contracts, plus ten new Renewable Energy Certificate (REC) contracts. The RIN futures and options contracts are physically delivered and cover the most actively traded RIN markets: D3 RINs for cellulosic biofuels, D4 RINs for biomass-based diesel, D5 RINs for advanced biofuels such as sugarcane ethanol, and D6 RINS for renewable fuels such as corn ethanol. The newest REC futures and options contracts are the first of their kind on any exchange and build on Nodal Exchange’s unmatched suite of REC products. In June 2021, Nodal launched new nitrogen oxides (NOx) futures and options, plus extended vintages on two Texas voluntary renewable energy certificate (REC) contracts. The new contracts extended the CSAPR NOx and SO2 futures and options product group that was listed on Nodal in November 2018. Nodal Exchange launched four brand new environmental futures on January 7, 2022, bringing the largest market for environmental products in the world to over 90 futures and options contracts.
In June 2022, Nodal will enter the Voluntary Carbon Market (VCM), with a product suite addressing the increasing demand from corporate companies to offset or neutralize their carbon footprint. With the help of EEX Group and their experience in the global carbon markets, Nodal intends to bring enhanced levels of standardization and transparency to the Voluntary Carbon Market. The Nodal Exchange VCM contract suite covers four different products, aimed at striking a balance between standardization and different customer preferences. Each of the contracts focuses on these specific aspects, Verified Emissions Reduction – CORSIA-eligible, Verified Emission Reduction – Nature based, Carbon Removal, and Global Emission Reduction.
Please click here to view a full list of Nodal Exchange’s environmental products.
“It is critical for the planet that we reduce carbon emissions, and it is laudable that so many companies are seeking to contribute to the reduction effort by participating in Voluntary Carbon Markets. EEX Group is very well positioned to become a key player in VCM on a global scale, and Nodal Exchange is ready to play an active role by entering this exciting and dynamic market. The many environmental products we have introduced demonstrates our continued commitment and innovation to address climate change and meet customer needs in the marketplace. The new contracts, developed with IncubEx, further extend the broadest suite of exchange-listed environmental products in the world and build on the carbon emission allowances, renewable energy certificates, and renewable fuel credit futures and options available on Nodal. We are proud to be playing a role in efforts to improve our environment.” – Paul Cusenza, Chairman and CEO, Nodal Exchange