Building Tomorrow’s Markets

A unique product and business development firm in global environmental markets, climate risk, and related commodities – we are building tomorrow’s markets

Webinar: EMA State of the Markets

Moderated by IncubEx’s Jim Kharouf, market experts Roman Kramarchuk (S&P Global) and Jennifer McIsaac (ClearBlue Markets) recap notable environmental markets highlights from 2022 and discuss what’s in store for environmental markets in 2023.

Products on EEX


Products on Nodal


Washington Carbon Allowances

Looking to trade WCAs? Washington state’s carbon program is up and running. The new WCA futures and options contracts are now listed on Nodal Exchange.

Click to learn more about the program and market.

What Makes Us Different

Our team pioneered many of the first exchange-traded environmental contracts. We build on that experience with a strategic vision to become the leading environmental commodity market.

Core Values Drive Our Business


Our strong connection with customers, partners and other market participants help us create and expand markets. Through trusted dialogue and customer feedback, we make key improvements to existing markets. Our personal connections are the cornerstone for everything we do.


Our team uses decades of combined experience and established relationships to identify evolving market dynamics and launch and adapt contracts with purpose, agility and precision.


We work with customers and our exchange partners to analyze product details and market infrastructure to create efficiencies. Knowing the details that matter makes the difference and we are dedicated to continuous improvement.

Industry Updates

Blogs, Insights, and News