ASX Environmental Futures
Manage the uncertainty and risk of the energy transition through liquid and transparent derivative markets
ASX, in partnership with the Carbon Market Institute, recently presented a series of seminars on the role of derivatives in carbon emissions risk management practices. Derivatives are a powerful mechanism to help a broad range of companies including Safeguard facilities to manage various risks and satisfy surrender obligations. The seminars aimed to increase participants’ knowledge of carbon futures, their use as part of a carbon emissions management program and their place in the broader carbon market. If you missed the in-person series, join CMI's Carbon Conversation on Friday 5 December 2025, 12:00-12:45PM AEDT.
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
Carbon Market Institute
As a member of the Carbon Market Institute, ASX supports the international carbon industry to decarbonise the global economy. We regularly speak at CMI’s events including being part of the Corporate Climate Masterclass series which is delivered on behalf of the Clean Energy Regulator.
Keep up to date
Join the ASX Environmental futures community
Receive insights and be invited to working groups and surveys
Contract specifications
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.
ACCU Futures | 2026 | 2027 | 2028 | 2029 | 2030 |
Final Trading Day | 4 March | 4 March | 6 March | 5 March | 4 March |
Final Trading Day + 2 | 6 March | 8 March | 8 March | 7 March | 6 March |
Final Trading Day + 3 | 9 March | 9 March | 9 March | 7 March | 7 March |
LGC Futures | 2026 | 2027 | 2028 | 2029 | 2030 |
Final Trading Day | 27 January | 27 January | 27 January | 29 January | 29 January |
Final Trading Day + 2 | 29 January | 29 January | 31 January | 31 January | 31 January |
Final Trading Day + 3 | 30 January | 1 February | 1 February | 1 February | 1 February |
NZU Futures | 2026 | 2027 | 2028 | 2029 | 2030 |
Final Trading Day | 4 May | 4 May | 4 May | 4 May | 6 May |
Final Trading Day + 2 | 6 May | 6 May | 8 May | 8 May | 8 May |
Final Trading Day + 3 | 7 May | 7 May | 9 May | 9 May | 9 May |
ASX Commodity Derivatives
Access risk management tools across electricity, gas, environmental (carbon and renewables) and agricultural markets from a single trading platform.
