ASX Environmental Futures - launching 29 July 2024                   

ASX temporary fee waiver - Trading from 29 July 2024

ASX is offering a temporary fee waiver on all Environmental Futures transactions. The fee waiver is a reflection of ASX’s commitment to growth and is intended to help build liquidity by encouraging early engagement from a diverse range of customers. Refer to the ASX Market Notice.

ASX Environmental Futures contracts

In support of Australia and New Zealand’s decarbonisation efforts and transition to clean energy, ASX has developed three Environmental Futures contracts covering:

• Australian Carbon Credit Units (ACCU’s)
• Large-scale Generation Certificates (LGC’s)
• New Zealand Units (NZU’s)

Environmental Futures provide customers with the tools they need to price and manage the risk of the energy transition.

A liquid and transparent Environmental Futures market can help support investment in clean energy and decarbonisation by enabling capital to flow to projects with significant carbon abatement potential. 

Product features

Transparent forward curve – Environmental Futures are listed on an annual basis out to 5 years, creating a liquid forward curve that is readily tradable

Deliverable – The contracts are deliverable meaning those with open positions at the time of contract expiry will be required to transfer or receive Units or Certificates via the relevant registry. Access the delivery guide for more information.

Standardised – Each contract is generic with one future equal to 1,000 tonnes of CO2 or 1,000-megawatt hours of renewable energy generation (for LGC’s).

Diverse customer base – Centrally cleared markets open up access to a broader range of market participants as the Clearing House assumes the credit risk of all centrally cleared trades.

Market insights

Expiry calendar

Each contract is listed on an annual basis out to five years. The delivery period commences on the Final Trading Day and is completed on the Final Trading Day + 3 business days. Below is a list of the key expiry and delivery dates for the next 5 years.