The Role of Markets in the Energy Transition

Just like all commodity markets that have come before it, the need for transparent pricing mechanisms are prevalent in a world that looks to alternative fuels for their energy consumption. The energy transition is a long-term phenomenon, and markets will play a critical role in helping participants navigate climate risk throughout this shift.

Here are the highlights from the latest ICE Global Environmental Markets report which includes market updates, and key dates & events:
  • As of August 31st, the Global Carbon Index had a value of $345.88 - the index value is calculated from the reference value of $100 on the index start date of Dec 31, 2013
  • Total annual volume across the environmental complex surpassed 2M lots, beating 2M lots which was reached in December in 2019
  • CCA Joint Auction #24 occurred on August 18th, with 89% of current year allowances clearing at the floor price of $16.68, and 100% of advanced allowances clearing at a price of $16.73

Top 25 ICE Futures Contracts - During Asian Hours

Product Description Exchange Code ADV for Asian Hours Total ADV
Three Month Sterling Future IFLL 258,145 742,344
Three Month Euro (Euribor) Future IFLL 249,718 690,357
ICE Brent Crude Futures IFEU 151,205 705,954
Low Sulphur Gasoil Futures IFEU 97,349 332,899
FTSE 100 - Stnd Index Future IFLL 73,950 214,290
Long Gilt Future IFLL 59,639 212,027
MSCI Emerging Markets Index Futures IFUS 27,908 240,526
Dutch TTF Gas Base Load Futures NDEX 22,379 95,529
NYBOT Sugar No. 11 IFUS 21,260 181,294
ICE WTI Crude Futures IFEU 19,661 160,272
Dutch TTF Gas Spot NDEX 19,090 38,068
EUA Futures IFEU 16,388 38,090
Singapore Gasoil (Platts) Futures IFEU 15,846 26,433
Dubai 1st Line Futures IFEU 12,553 19,118
NYBOT US Dollar Index IFUS 7,797 29,408
ICE Brent Crude Futures Settlement IFEU 7,320 35,912
Singapore Mogas 92 Unleaded (Platts) Futures IFEU 6,767 11,691
Three Month Euroswiss Future IFLL 5,890 17,080
Natural Gas NYMEX LD1 Futures IFED 5,495 446,537
ICE Heating Oil Futures IFEU 4,984 122,086
MSCI All Country World Net Total Return (NTR) Index Block at Index Close IFUS 4,949 4,949
NYBOT Coffee "C" IFUS 4,883 46,908
MSCI Europe NTR (USD) - Stnd Index Future IFLL 4,835 4,835
ICE UK Natural Gas Futures IFEU 4,748 25,514
London Cocoa Future IFLX 4,534 25,324
  • Asian Hours: 8:00am SGT - 5:00pm SGT (1:00am – 10:00am UK, 8:00pm – 5:00am ET)

Top Performing ICE Contracts - YoY % Growth

Product Description Exchange Code ADV Last Year YoY%
Three Month Sterling Future IFLL 742,344 732,396 1.36%
ICE Brent Crude Futures IFEU 705,954 986,704 -28.45%
Three Month Euro (Euribor) Future IFLL 690,357 787,397 -12.32%
Natural Gas NYMEX LD1 Futures IFED 446,537 440,548 1.36%
Low Sulphur Gasoil Futures IFEU 332,899 380,286 -12.46%
MSCI Emerging Markets Index Futures IFUS 240,526 262,751 -8.46%
FTSE 100 - Stnd Index Future IFLL 214,290 220,686 -2.90%
Long Gilt Future IFLL 212,027 210,918 0.53%
Natural Gas Firm Physical, Gas Daily Daily OTC 193,688 194,420 -0.38%
NYBOT Sugar No. 11 IFUS 181,294 229,835 -21.12%
Firm-LD Around The Clock OTC 161,132 117,368 37.29%
ICE WTI Crude Futures IFEU 160,272 226,004 -29.08%
Natural Gas Firm Physical, Fixed Price OTC 152,347 173,138 -12.01%
NGX NG Firm Phys FUT, Fixed Price OTC 143,608 209,159 -31.34%
Firm-LD Peak, LD1 for Physical OTC 128,171 117,100 9.45%
ICE Heating Oil Futures IFEU 122,086 50,267 142.88%
ICE NYH (RBOB) Gasoline Futures IFEU 114,428 33,874 237.81%
Dutch TTF Gas Base Load Futures NDEX 95,529 86,752 10.12%
NGX NG Firm Phys FUT NYMEX LD1 OTC 86,506 105,869 -18.29%
Natural Gas Basis NYMEX LD1 for Inside FERC Futures IFED 82,271 125,673 -34.54%
MSCI EAFE Index Futures IFUS 76,969 70,786 8.73%
Natural Gas Firm Physical, Inside FERC OTC 70,258 74,919 -6.22%
NGX NG Firm Phys FUT, 7A Month Ahead Index OTC 61,393 81,010 -24.21%
Natural Gas Firm Physical, NYMEX LD1 OTC 52,221 59,748 -12.60%
NYBOT Coffee "C" IFUS 46,908 36,329 29.12%
  • IFEU - ICE Futures Europe
  • IFLL - ICE Futures Europe - Financial Products Division
  • NDEX - ICE Endex Derivatives B.V
  • IFUS - ICE Futures US
  • IFLX - ICE Futures Europe - Agricultural Products Division
  • IFED - ICE Futures Energy Derivatives