Evolution Markets®: Markets We Serve
The leader in environmental commodities brokerage and services
Why Evolution Markets®
Evolution Markets®, an Xpansiv® Company, provides full-service brokerage, market intelligence, and strategic advisory across global environmental and energy commodity markets.
For over two decades, Evolution Markets has connected institutional and commercial counterparties to transparent price discovery, structured transactions, and efficient execution—helping clients manage risk, meet compliance goals, and unlock value across the world’s most dynamic markets.
Together with Xpansiv’s digital infrastructure, Evolution Markets links brokerage and data with registry-integrated execution, lifecycle reporting, and verified transaction transparency.
Contact (US):
uscarbon@evomarkets.com
Contact (Europe):
londoncarbon@evomarkets.com
Unmatched Experience
25 years pioneering environmental and energy brokerage and services
Global Reach
Active desks in New York, London, Houston, and Dubai
Full Lifecycle Service
From trade execution to portfolio strategy and risk management
Part of a Complete Platform
Working closely with Xpansiv electronic trading, data and registry solutions
Explore Our Markets
Carbon Markets
Evolution Markets has been a leader in global carbon trading since the inception of cap-and-trade systems, supporting regulated entities, investors and project developers across multiple programs.
Compliance Programs
• EU Emissions Trading System (EU ETS)
• UK Emissions Trading Scheme (UK ETS)
• Regional Greenhouse Gas Initiative (RGGI)
• Western Climate Initiative (California and Québec)
Carbon Credit and CO2 Removal Markets
• Forestry & Land Use (REDD+, Afforestation/Reforestation)
• Renewable Energy and Industrial Gas projects
• Technology-based removals (Biochar, Carbon Capture, Direct Air Capture)
Products and Services
• Spot, forward, and options trading
• Structured offtake agreements and carbon financing
• Portfolio optimization and compliance strategy
• Cross-market integration with RECs and LCFS instruments
Contact (US): uscarbon@evomarkets.com
Contact (Europe): londoncarbon@evomarkets.com
Renewable Energy Markets
We provide transparent execution, sourcing and strategy for renewable energy attributes worldwide.
North American Compliance RECs
- PJM-GATS, NEPOOL-GIS, M-RETS, ERCOT, WREGIS
- Solar Renewable Energy Certificates (SRECs) and state compliance programs
Voluntary RECs and PPAs
- Green-e certified and unbundled RECs
- Long-term contracting and corporate procurement advisory
International RECs
- I-RECs, GOs (Europe), and TIGRs (Asia-Pacific)
- Cross-border renewable sourcing for multinational sustainability programs
Products and Services
- Spot and forward REC transactions
- Clean energy offtake agreements
- Portfolio and compliance management
- Advisory on evolving certification and registry frameworks Contact: recdesk@evomarkets.com
Emissions & Clean Fuel Markets
Evolution Markets offers comprehensive brokerage and consulting for low-carbon fuel and emissions credit programs.
U.S. Programs
- SO2 and NOx allowance trading programs
- State/Regional emission reduction credit markets (ERCs)
- California, Oregon, and Washington LCFS programs
- Renewable Fuel Standard (RFS) and Renewable Identification Numbers (RINs)
Canadian Programs
- Clean Fuel Regulations (CFR)
- Provincial programs and compliance markets
Emerging Markets
- Sustainable Aviation Fuel (SAF) credits
- Hydrogen credit frameworks and clean fuel contracts
Clean Fuels contact: uscarbon@evomarkets.com
Emissions contact: emissionsdesk@evomarkets.com
Power Markets
Evolution Markets supports utilities, IPPs and traders with market access and optimization across North America and globally.
Coverage
- ISOs: PJM, ERCOT, MISO, ISO-NE, CAISO, SPP
- Physical, financial, and capacity markets
Products and Services
- Day-ahead and real-time trading
- Basis and congestion hedging
- Options structures
- Renewable integration and cross-commodity strategies
Contact: powerdesk@evomarkets.com
Natural Gas Markets
We provide comprehensive, integrated global brokerage across physical and financial gas markets.
Markets
- U.S. production basis and delivery hubs (Henry Hub, AECO, Waha, SoCal)
- European balancing points (TTF, NBP, THE, PSV)
- Global liquified natural gas (LNG) physical, financial (JKM), and swaps
Services
- Physical and financial execution
- Short-term, long-term, and structured swaps/options
- Storage, basis, and pipeline optimization
- Cross-hedging with power and carbon exposures
Contact (U.S.): natgasdesk@evomarkets.com
Contact (Europe): eurogasdesk@evomarkets.com
Nuclear Fuels & Biomass Markets
Evolution Markets facilitates transactions across zero emission and low-carbon baseload power.
Coverage
- Uranium, conversion, and enrichment markets
- Biomass feedstocks and offtake agreements
Products and Services
- Physical and financial contracts
- Supply-chain and sourcing advisory
- Integration of environmental attributes with traditional energy positions
Contact: nucleardesk@evomarkets.com
Biofuels Markets
We provide specialized coverage in physical and financial biofuel products supporting the energy transition.
Feedstocks
Soy, canola, corn, sugarcane, waste oil, tallow
Products
- Biodiesel, renewable diesel, ethanol, and bio-naphtha
- RIN- and LCFS-linked compliance transactions
Services
Physical and paper market execution
Offtake structuring and long-term supply advisory
Feedstock procurement and cross-market hedging
Contact: biofuelsdesk@evomarkets.com
Coal Markets
Evolutions Markets offers comprehensive brokerage and risk management across global coal benchmarks and supply chains.
Geographic Coverage
European (API2) and Asian (API4) markets
Products
- Physical cargoes, swaps, and options
- Freight-linked and cross-commodity hedges
Services
- Price discovery and liquidity access
- Structured transactions and index linkage
- Market analysis and logistics advisory
Partner with the Market Leader
Work with Evolution Markets to access liquidity, manage risk and execute transactions across global environmental and energy commodities.
Carbon & Environmental Markets
Phone: New York: +1 (914) 323 0265 London: +44 207 264 4550
Email: uscarbon@evomarkets.com. londoncarbon@evomarkets.com.
Renewable & Clean Energy Markets
Phone: New York: +1 (914) 323 0257
Email: recdesk@evomarkets.com
Energy Markets
Phone: +1 212 356 3990
Email:
powerdesk@evomarkets.com
Frequently Asked Questions
Answers to common questions about Evolution Markets
How do I get set up to trade with Evolution Markets?
Getting started is simple. Contact us at info@evomarkets.com and let us know the relevant desk for the market you wish to access (e.g., Carbon, RECs, Power, Natural Gas). Our team will guide you through onboarding, including counterparty documentation, trading eligibility checks, and any required disclosures. Once complete, you’ll gain direct access to our brokers for pricing, execution, and ongoing market support.
Is Evolution Markets regulated?
We adhere to all applicable regulatory, reporting, and compliance requirements in the jurisdictions where we operate.
When Evolution Markets acts as a broker in futures contracts, it is acting through its subsidiaries, Evolution Markets Futures LLC and Evolution Markets Ltd. Evolution Markets Futures LLC is registered as an Introducing Broker and is a member of the National Futures Association.
Evolution Markets Ltd. is registered with the United Kingdom’s Financial Conduct Authority and is a member of the National Futures Association.
As part of Xpansiv, we uphold rigorous standards for transparency, data integrity, and market conduct.
What types of clients does Evolution Markets work with?
We serve a broad range of institutional and commercial participants, including utilities, energy producers, project developers, investors, traders, corporates, and industrial buyers. Whether you are meeting compliance obligations, sourcing renewable attributes, hedging commodity exposure, or exploring structured transactions, our brokerage teams provide tailored support across every major environmental and energy market.
Trading in futures and options involves substantial risk of loss and is not suitable for everyone. Past performance is not indicative of future results.
When Evolution Markets acts as a broker in futures contracts, either on an introductory or execution basis, it is acting through its wholly-owned subsidiaries, Evolution Markets Futures LLC or Evolution Markets Limited. Evolution Markets Futures LLC is an introducing broker registered with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association. Evolution Markets Limited is registered with the U.K. Financial Conduct Authority and is an introducing broker registered with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association.