Trusted Markets for RECs, Carbon, Fuels and Water
Xpansiv® powers the world’s leading trading platforms for environmental commodities, anchored by CBL®, the premier spot market for renewable energy and carbon.
1,500+
Active market participants trading across electricity, carbon, water & digital fuels
$2 Billion+
Cumulative notional value traded since launch
6 Continents
Global reach with participants spanning the world of energy & environmental commodities
CBL®: The Premier Environmental Commodities Marketplace
CBL is the world’s most active spot marketplace for environmental commodities. The platform’s deep liquidity, transparent matching engine and automated settlement make it the trusted choice for participants globally. CBL also underpins partner exchanges around the world.
Renewable Energy: North America
North America REC compliance & voluntary contracts: North American Renewables Registry (NAR™), NEPOOL GIS, PJM GATS, ERCOT, MIRECS, NYGATS
Renewable Energy: Global
- Global renewables: I-REC(E)
- Australian Renewable Energy Target (RET) & Energy Efficiency Market products: LGCs, STCs, ESCs
Carbon: Project-Specific
Project-specific credits: access to 1,000+ projects from Gold Standard, Verra, Climate Action Reserve, ACR, ACCUs & others
Carbon & Emissions
- Standard Instruments Program: CBL Global Emissions Offset™ (GEO®), GEO CORSIA CP1 & more
- Allowances: RGGI allowances, CCAs
- Emissions: CSAPR products
Fuels
- Differentiated gas: Environmentally differentiated gas products based on methane emissions & other factors
- Australian gas: Tasmanian Gas Pipeline products
Other Trading Platforms
H2OX
H2OX is the Australian water exchange that streamlines the electronic trading of water entitlements, allocations, leasing and related instruments. Participants gain access to fair pricing, efficient execution and transparency to optimize water resource management across agricultural, industrial and environmental uses.
Aviation Carbon Exchange (ACE)
ACE, an IATA solution powered by CBL, provides a secure destination for airlines, airports and other participants to access CORSIA and voluntary carbon credits from projects around the globe. Participants benefit from consistent contract structures, reliable execution and market-based price discovery to support decarbonization strategies and compliance needs.
JSE Ventures Carbon Market
Through partnership with the Johannesburg Stock Exchange (JSE), JSE Ventures Carbon Market enables electronic trading of carbon credits and International Renewable Energy Certificates (I-RECs) via CBL. Participants benefit from liquidity, price discovery and efficient execution.
Regional Voluntary Carbon Market
“Developing a carbon credit trading exchange is the next step in RVCMC’s mission to become one of the largest voluntary carbon markets in the world by 2030. Our work with Xpansiv will help us build the infrastructure the market needs for a thriving, transparent and increasingly liquid market, one that can maximize the role of carbon offsets in tackling climate change across the Global South.”
– RVCMC
Delivering the Liquidity, Reliability and Data You Need
Deep liquidity
Join the largest pool of active buyers and sellers across environmental markets. Transparent order books ensure price discovery and execution fairness. Standardized contracts facilitate institutional participation.
Reliable execution & settlement
Benefit from straight-through settlement integrated with 17+ registries via Xpansiv Connect. Reduce operational risk and manual reconciliation. Post-trade confirmation and audit-ready reporting provide additional confidence.
Market data & benchmarking
Rely on Xpansiv’s live & historical price data across REC and carbon products. Standardized market data supports transparency, compliance reporting and risk management.
Unlock More Value with Xpansiv
With the Xpansiv platform, you can conduct structured transactions, produce and manage credits, manage your portfolio across registries and more.
Ready to trade with confidence?
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.