India, May 9 -- Intercontinental Exchange, Inc. (ICE), a global leader in technology and data services, has launched EU Carbon Allowance - EUA 2 futures, adding to its suite of benchmark carbon derivatives.
Trading for the new EUA 2 futures began on May 6, 2025, with initial activity totaling the equivalent of 5,000 allowances.
This launch aligns with the European Union's creation of Emissions Trading System 2 or ETS2, which aims to regulate carbon emissions from fuel combustion in buildings and road transport. Set to become operational in 2027, ETS2 is expected to extend carbon coverage to 80% of the EU economy and include around 20,000 entities.
ICE's Global Head of Environmental Markets, Gordon Bennett, noted that the new futures cont...