Intercontinental Exchange Reports $1 Trillion in ICE Carbon Allowance Volumes Traded in 2023

Intercontinental Exchange, Inc. has reached a significant milestone in environmental trading, with ICE carbon allowance volumes trading the equivalent of $1 trillion in notional value in 2023. The company’s global environmental markets have seen a remarkable increase, with record participation in EU Carbon Allowance futures and options. ICE has introduced new market offerings like Mini EUA futures to cater to the shipping industry’s needs in managing emissions price risk. Gordon Bennett, Managing Director of Utility Markets at ICE, emphasized the company’s role in the energy transition landscape and the importance of offering tools like CORSIA and Mini EUA futures to help customers manage their carbon emissions effectively.