Evolution Markets facilitated the first trade of the ICE Nature-Based Carbon Futures contract. The trade, which involved Hartree Partners and an undisclosed counterparty, represents an important marker in the development of a listed futures market for global carbon offsets.

The trade was for 50,000 NBSCC (50 lots) for delivery in December 2022. The carbon credits were traded at $11.18. Evolution Markets brokered the transaction, which was cleared on the exchange as a print on screen and block trade. One lot is equal to 1,000 Nature-Based Solution Carbon Credits (NBSCC) where each credit is equal to one metric tonne of greenhouse gas emissions. 

More details on the milestone trade can be found HERE.

For more information on global carbon offset markets, please contact our carbon team at: londoncarbon@evomarkets.com, +44 (0)20 7264 4550;  uscarbon@evomarkets.com, +1 914.323.0265.