Spanish Stock Exchange BME Plans to Issue World's First Carbon Credits Futures

BME to create global benchmark for carbon market

Futures to trade on BME's energy derivatives platform

BME, the Spanish stock exchange, plans to become the world's first exchange to issue carbon credits futures, a move that could help create a global benchmark for the nascent carbon market.

The futures, which are expected to launch in the second half of 2023, will trade on BME's energy derivatives platform. They will be based on the European Union's Emissions Trading System (ETS), the world's largest carbon market.

The launch of carbon credits futures is a significant step forward for the carbon market. It will provide a more transparent and liquid market for carbon credits, making it easier for companies to hedge their carbon risks and for investors to participate in the market.

The BME's carbon credits futures are likely to attract a broad range of participants, including energy companies, industrial companies, financial institutions, and investors. The futures will provide a way for companies to manage their carbon risks by allowing them to lock in a price for future carbon emissions.