ICE Publishes 2022 Auction Calendar for UK Emissions Trading Scheme
04 November 2021 - 04:01AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of data, technology, and market infrastructure, today
announced the publication of the 2022 auction calendar for the UK
Emissions Trading Scheme (“ETS”).
ICE hosted the first UK ETS auction in May 2021, alongside
launching UK Allowance (UKA) Futures contracts and UKA Daily
Futures. Since then, more than 156,000 lots of UKA futures have
traded, equivalent to 156 million tons of carbon, open interest has
grown to 42,131 contracts, and roughly 67 million allowances have
been bought through fortnightly auctions.
ICE hosts the four largest and most liquid carbon cap and trade
futures markets in the world. Since launch, the UK ETS has grown
into the third largest carbon cap and trade futures market based on
total traded carbon allowances. ICE’s European emission allowance
market is the largest in terms of volume, followed by ICE’s
California carbon allowances in second place, and ICE Regional
Greenhouse Gas Initiative (RGGI) as the fourth largest.
“By putting a price on UK emissions, the UK ETS is supporting
the climate ambitions of the UK”, said Gordon Bennett, Managing
Director of Utility Markets at ICE. “Having grown into the world’s
third largest carbon cap and trade futures market in just five
months, the liquidity of the UK ETS is growing in terms of volume
and open interest, and participation is increasing. The UK ETS is
one part of ICE’s global environmental markets which help the
market to price, manage and hedge climate risk, helping companies
to make decisions on where to allocate capital and invest in green
technologies”.
ICE offers customers access to the largest and most liquid
environmental markets in the world to price climate risk. More than
14 gigatons of carbon trades on ICE annually, equivalent to
approximately 40% of the world’s total annual emissions footprint
based on current estimates.
For more information on how to trade and clear ICE’s
environmental markets, visit
https://www.theice.com/energy/environmental, read our FAQs or
contact sales-utilities@ice.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate
exchanges, including the New York Stock Exchange, and
clearing houses that help people invest, raise capital and
manage risk across multiple asset classes. Our comprehensive fixed
income data services and execution capabilities provide
information, analytics and platforms that help our customers
capitalize on opportunities and operate more efficiently. At ICE
Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2020, as
filed with the SEC on February 4, 2021.
ICE- CORP Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20211103005958/en/
ICE Media Contact: Rebecca Mitchell
Rebecca.Mitchell@ice.com +44 7951 057 351 ICE Investor
Contact: Mary Caroline O’Neal marycaroline.oneal@ice.com (770)
738-2151
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