Environmental

During the last two decades, evolving regional environmental policies have shaped new markets and created new segments for sustainable products and services. These markets span across renewable energy, carbon, renewable fuels and pollutants like sulfur dioxide and nitrogen oxide. Renewable energy generation is increasing across geographies and is attracting an increasing number of diverse market participants, expanding green finance and creating new trading opportunities. The physically-settled environmental contracts offered on Nodal Exchange allow participants to fulfill regulatory compliance obligations while also benefiting from advanced risk management solutions and improved operational efficiency during the delivery process.

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.

Physically-deliverable Futures and Options are available for:

  • Carbon Emission Allowances
    • California Carbon Allowances (Western Climate Initiative)
    • RGGI Carbon Allowances (Regional Greenhouse Gas Initiative)
  • Renewable Energy Certificates
    • PJM
      • PJM Tri-Qual RECs
      • DC RECs
      • DC Solar RECs
      • Maryland Tier 1 RECs (also as a bankable contract)
      • Maryland Solar RECs
      • New Jersey Solar RECs
      • New Jersey Class 1 RECs (also as a bankable contract)
      • New Jersey Class 2 REC
      • Ohio Solar RECs
      • Ohio Non-Solar RECs
      • Pennsylvania AEC Tier 1 (also as a bankable contract)
      • Pennsylvania AEC Tier 2
      • Pennsylvania Solar AEC
    • NEPOOL
      • NEPOOL Dual-Qualified RECs
      • Connecticut Class 1, Class 2 & Class 3 RECs
      • Maine Class 1 RECs
      • Massachusetts Class 1 and Class 2 RECs
      • Massachusetts Class 2 WTE
      • Massachusetts Solar RECs
      • Massachusetts Solar II RECs
      • Massachusetts AEC
      • New Hampshire Class 1 & Class 3 RECs
      • Rhode Island New RECs
    •  NYISO
      • New York Tier 1 RECs
    • MISO
      • M-RETS REC from CRS Listed Wind Facilities Front Half
      • M-RETS REC from CRS Listed Wind Facilities Back Half
    • ERCOT
      • Texas Compliance RECs
      • Texas Compliance REC from CRS Listed Facilities Front Half
      • Texas Compliance REC from CRS Listed Facilities Back Half
      • Texas Compliance Solar REC from CRS Listed Facilities Front Half
      • Texas Compliance Solar REC from CRS Listed Facilities Back Half
  • Renewable Fuel Credits
    • California Low Carbon Fuel Standard
    • Oregon Clean Fuels Program
    • Renewable Identification Numbers (RINs)
      • D3 – Cellulosic biofuel
      • D4 – Biomass-based diesel
      • D5 – Advanced biofuel
      • D6 – Renewable biofuel
  • SO2/NOx Emission Allowances
    • CSAPR SO2 Allowances
      • CSAPR TR SO2 Group 1 Allowances
      • CSAPR TR SO2 Group 2 Allowances
    • CSAPR NOx Allowances
      • CSAPR NOx Ozone Season Group 2 Allowances
      • CSAPR TR NOx Annual Allowances