Environmental risk management is an increasingly important component of business operations for energy intensive industries. Our European and North American contracts enable companies to manage their risk and to satisfy environmental compliance obligations.

We operate the world's leading market for emissions trading. Participants can surrender purchased EU Allowances and CER offsets into the registry of the EU Emissions Trading System. Our North American offering includes futures on Californian carbon allowances, RGGI allowances, Renewable Energy Certificates across six states, and emissions permits in federal SO2 and NOX markets.