The Australian Securities Exchange ASX listed three new environmental futures contracts in Australia and New Zealand, the first carbon future contracts in both countries, on July 29.
The launch signals the next stage of Australia and New Zealand’s transitions into lower carbon economies, allowing parties to price and hedge the risk of the energy transition.
The three contracts listed on ASX24, ASX’s futures exchange, include physically delivered large generation certificate LGC futures, Australian carbon credit unit ACCU futures and New Zealand unit NZU futures.
The environmental futures are standardised contracts, equalling 1,000 underlying certificates or units, designed to provide a “liquid, transparent,...
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