m
 


§ Through its ECX product suite, ICE Futures Europe is the leading global marketplace for
trading carbon dioxide (CO2) emissions.
ICE Futures Europe currently offers derivative contracts on three types of carbon
credit: g




 g

 
 
 

 and the world's first ICE ECX Emissions Reductions Units (ERUs).
These emissions products were first traded in April 2005, with the launch of futures on
EUAs. EUA options were listed the following year. Similar contracts on CERs were
introduced in 2008, with Daily Futures (spot) contracts on both underlying products
added in 2009. The latest launch of ERUs will provide price discovery and transparency
for the ERU market, enabling market participants to manage their carbon price risk more
efficiently with EUAs, CERs and ERUs on a single platform.
CO2 emissions trading volumes have experienced strong growth. In 2009 volumes
surpassed 5 billion tonnes of CO2 and equivalent, and 2010 volumes passed the 5 billion
tonne mark early in the second half. Over 100 global businesses are members for trading
ICE ECX emissions products, in addition to the several thousand traders around the
world with access to this market via clearing members and brokers.
Õ m
European Climate exchange operates the leading
derivatives exchange focused on compliance
certificates for the mandatory European Trading
Schemes
m

 Õ 
m