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Environmental Products on Nodal Exchange

IncubEx works with Nodal Exchange to offer the most expansive set of cleared environmental products in the world

Summary List of Products & Product Specs

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Search Full List of Environmental Products on Nodal

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Emissions

RECs

Renewable Fuels

Renewable Natural Gas Certificates

Offsets

CARBON, OFFSETS, ACPs & EMISSIONS

Select the tab above each table for the list of products in that market. Click on the green Futures or Options in the table for the full product specs.

The products highlighted in green are only available on Nodal Exchange.

PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS		ONLY AVAILABLE ON NODAL EXCHANGE
California Carbon Allowances2021-20302021-2030WCE, WCF, WCG, WCH, WCI, WCJ, WCK, WCL, WCM, WCN1,000 Allowances$0.05Futures
Options
California Carbon Allowances Vintage Specific2021-20302021-2030WSE, WSF, WSG, WSH, WSI, WSJ, WSK, WSL, WSM, WSN 1,000 Allowances$0.05Futures
Options
California Carbon Offset 0N/AWTB1,000 OffsetsFuture
California Carbon Offset 0 with Direct Environmental BenefitsN/AWTD1,000 OffsetsFutureNodal Only
California Carbon Offset 8N/AWTA1,000 OffsetsFutureNodal Only
California Carbon Allowance Advance Auction Clearing Price (AACP)N/AACA1 Contract = 1,000 AllowancesFuture
California Carbon Allowance Current Auction Clearing Price (ACP)N/AACP1 Contract = 1,000 AllowancesFuture
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Regional Greenhouse Gas Initiative Allowances2021-20302021-2030RGE, RGF, RGG, RGH, RGI, RGJ, RGK, RGL, RGM, RGN1,000 Allowances$0.05Futures
Options
Regional Greenhouse Gas Initiative (RGGI) Allowance Auction Clearing Price (ACP)N/ARAC1 Contract = 1,000 AllowancesFutures
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Washington Carbon Allowance2023-20282023-2026WBG, WBH, WBI, WBJ, WBK1,000 Allowances$0.05Futures
Options
Washington Carbon Allowance Specific Vintage2023-2028SVG, SVH, SVI, SVJ, SVK 1,000 AllowancesFutures
Washington Carbon Allowance Current Auction Clearing Price (ACP)N/AWCP1 Contract = 1,000 AllowancesFutures
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
Alberta TIER Emission Performance Credit2023-2030TIG, TIH, TIJ, TIK, TIL, TIM, TIN, TIO100 Alberta TIER EPCsFutures
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Cross-State Air Pollution Rule NOx Ozone Season Group II2023-20242023-2024NZG, NZH1 Allowance$5.00Futures
Options
Cross-State Air Pollution Rule NOx Ozone Season Group III2023-20242023-2024AOG, OAH1 Allowance$5.00Futures
Options

Renewable Energy Certificates

PRODUCTS BY REGISTRY

Find all listed REC futures and options by registry.

The products highlighted in green are only available on Nodal Exchange.

PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
ERCOT RECs from CRS-Listedâ„¢ Wind Energy Facilities Reporting Year2024-2030TRH, TRI, TRJ, TRK, TRL, TRM, TRN1,000 RECsFutures
ERCOT Registered RECs from Wind Energy Facilities2023-2035MKG, MKH, MKI, MKJ, MKL, MKN, MKO, MKP, MKQ, MKR, MKS, MKT, MKU1,000 RECsFutures
Texas Wind RECs from CRS Listed™ Facilities – Vintage Specific Back Half2023-20352021-2033TBE, TBF, TBG, TBH, TBI, TBJ, TBK, TBL, TBM, TBN,TBO, TBP, TBQ, TBR, TBS1,000 RECs$0.05Futures
Options
Texas Wind RECs from CRS Listed™ Facilities – Vintage Specific Front Half2023-20352021-2033TFE, TFF, TFG, TFH, TFI, TFJ, TFK, TFL, TFM, TFN,TFO, TFP, TFQ, TFR, TFS1,000 RECs$0.05Futures
Options
Texas Compliance Solar RECs from CRS Listed™ Facilities – Vintage Specific Back Half2023-20352021-2030TTB, TTC, TTD, TTE, TTF, TTG, TTH, TTI, TTJ, TTK, TTL, TTM TTN, TTO TTP1,000 RECs & 1,000 CPs$0.05Futures
Options
Texas Compliance Solar RECs from CRS Listed™ Facilities – Vintage Specific Front Half2023-20352021-2030TSB, TSC, TSD, TSE, TSF, TSG, TSH, TSI, TSJ, TSK, TSL, TSM, TSN, TSO, TSP1,000 RECs & 1,000 CPs$0.05Futures
Options
National RECs from CRS Listedâ„¢ Wind Energy Facilities Back Half2023-2035NDF, NDG, NDH, NDI, NDJ, NDK, NDL, NDM, NDN, NDO, NDP, NDQ, NDR, NDS1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Front Half2023-2035NCF, NCG, NCH, NCI, NCJ, NCK, NCL, NCM, NCN, NCI, NCO, NCP, NCQ, NCR, NCS1,000 RECsFutures
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
M-RETS RECs from CRS Listed™ Wind Facilities – Vintage Specific Back Half2023-2030MXB, MXC, MXD, MXE, MXF, MXG, MXH, MXI, MXJ, MXK1,000 RECsFutures
M-RETS RECs from CRS Listed™ Wind Facilities – Vintage Specific Front Half2023-2030MWB, MWC, MWD, MWE, MWF, MWG, MWH, MWI, MWJ, MWK1,000 RECsFutures
M-RETS RECs from CRS-Listedâ„¢ Canadian Sited Wind Energy Facilities Back Half2023-2035MLG, MLH, MLI, MLJ, MLK, MLN, MLO, MLP, MLQ, MLR, MLS, MLT, MLU1,000 RECsFutures
M-RETS RECs from CRS-Listedâ„¢ Canadian Sited Wind Energy Facilities Front Half2023-2025MOG, MOH, MOI, MOJ, MOK, MOL, MON, MOP, MOQ, MOR, MOS, MOT, MOU1,000 RECsFutures
M-RETS Registered RECs from Wind Energy Facilities2023-2035MJG, MJH, MJI, MJK, MJL, MJN, MJO, MJP, MJQ, MJR, MJS, MJT, MJU1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Back Half2022-2035NDF, NDG, NDH, NDI, NDJ, NDK, NDL, NDM, NDN, NDO, NDP, NDQ, NDR, NDS1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Front Half2022-2035NCF, NCG, NCH, NCI, NCJ, NCK, NCL, NCM, NCN, NCI, NCO, NCP, NCQ, NCR, NCS1,000 RECsFutures
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
NAR Registered RECs from CRS Listedâ„¢ Solar Energy Facilities Back Half2023-2030NUE, NUF, NUG, NUH, NUI, NUJ, NUK, NUL, NUM, NUN1,000 RECSFutures
NAR Registered RECs from CRS Listedâ„¢ Solar Energy Facilities Front Half2023-2030NVE, NVF, NVG, NVH, NVI, NVJ, NVK, NVL, NVM, NVN1,000 RECsFutures
NAR Registered RECs from CRS Listedâ„¢ Wind Energy Facilities Back Half2021-2030NKE, NKF, NKG, NKH, NKI, NKJ, NKK, NKL, NKM, NKN1,000 RECsFutures
NAR Registered RECs from CRS Listedâ„¢ Wind Energy Facilities Front Half2021-2030NLE, NLF, NLG, NLH, NLI, NLJ, NLK, NLM, NLN1,000 RECsFutures
NAR Registered RECs from Wind Energy Facilities2023-2035NFG, NFH, NFI, NFJ, NFK, NFL, NFM, NFN, NFO, NFP, NFQ, NFR, NFS1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Back Half2022-2035NDF, NDG, NDH, NDI, NDJ, NDK, NDL, NDM, NDN, NDO, NDP, NDQ, NDR, NDS1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Front Half2022-2035NCF, NCG, NCH, NCI, NCJ, NCK, NCL, NCM, NCN, NCI, NCO, NCP, NCQ, NCR, NCS1,000 RECsFutures
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Connecticut Class I RECs2024-20352023-2030RCG, RCH, RCI, RCJ, RCK, RCL, RCM, RCN, RCO, RCP, RCQ, RCR, RCS100 RECs$0.25Futures
Connecticut Class II RECs2024-2026RDG, RDH, RDI, RDJ100 RECsFutures
Connecticut Class III RECs2024-2030REG, REH, REI, REJ, REK, REL, REM, REN100 RECsFutures
Maine Class I RECs2023-2030MNG, MNH, MNI. MNJ, MNK, MNL, MNM, MNN100 RECsFutures
Maine Class 1A RECs2023-2030MMG, MMH, MMI, MMJ, MMK, MML, MMM, MMN100 RECsFutures
Maine Class II RECs2023-2030MQG, MQH, MQI, MQJ, MQK, MQL, MQN100 RECsFutures
Massachusetts APS RECs2024-2030MFG, MFH, MFI, MFJ, MFK, MFL, MFM, MFN100 RECsFutures
Massachusetts CES-E Certificates2024-2030MIG, MIH, MII, MIJ, MIK, MIL, MIM, MIN100 RECsFutures
Massachusetts Class I RECs2023-20302022-2030MAF, MAG, MAH, MAI, MAJ, MAK, MAL, MAM, MAN, MAO, MAP, MAQ, MAR, MAS100 RECs$0.25Futures
Options
Massachusetts Class II RECs (Non-WTE)2023-2030MEF, MEG, MEH, MEI, MEJ, MEK, MEL, MEM, MEN100 RECsFutures
Massachusetts Class II WTE RECs2023-2030MGF, MGG, MGH, MGI, MGJ, MGK, MGL, MGM,MGN100 RECsFutures
Massachusetts Solar Carve Out II RECs2023-20292022-2029MCF, MCG, MCH, MCI, MCJ, MCK, MCL, MCM10 SRECs$5.00Futures
Options
NEPOOL Dual Qualified Class I RECs2024-20352023-2030NPG, NPH, NPI, NPJ, NPK, NPL, NPM, NPN, NPO, NPP, NPQ, NPR, NPS100 RECs$0.25Futures
Options
NEPOOL Quad Qualified Class I RECs2024-2030NQG, NQH, NQI, NQJ, NQL, NQM, NQN100 RECsFutures
New Hampshire Class I RECs2024-2025NRG, NRH, NRI100 RECsFutures
New Hampshire Class III RECs2024-2025NTG, NTH, NTI100 RECsFutures
Rhode Island New RECs2024-2025RIG, RIH, RII100 RECsFutures
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
New York Tier I RECs2024-2029NYD, NYE, NYF, NYG, NYH, NYI, NYJ, NYK100 RECsFutures
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
District of Columbia Tier I RECs2023-2030WDG, WDH, WDI, WDJ, WDK, WDL, WDM, WDN100 RECsFutures
District of Columbia Solar RECs2023-2030WRG, WRH, WRI, WRJ, WRK, WRL, WRM, WRN10 SRECsFutures
Maryland Solar RECs2023-20302022-2027MRF, MRG, MRH, MRI, MRJ, MRK, MRL, MRM, MRN, MRO, MRP, MRQ, MRR, MRS10 SRECs$0.25Futures
Options
Maryland Tier I RECs Bankable2023-20302021-2025MBE, MBF, MBG, MBH, MBI100 RECs$0.25Futures
Options
Maryland Tier I RECs Vintage Specific2023-20302021-2030MDE, MDF, MDG, MDH, MDI, MDJ, MDK, MDL, MDM, MDN, MDO, MDP, MDQ, MDR, MDS100 RECs$0.25Futures
Options
Maryland Tier II RECs2023-2030MHE, MHF, MHG, MHH, MHI, MHJ, MHK, MHL, MHM, MHN100 RECsFutures
New Jersey Class I RECs Bankable2022-20252021-2025NBE, NBF, NBG, NBH, NBI100 RECs$0.25Futures
Options
New Jersey Class I RECs Vintage Specific2022-20252021-2030NJE, NJF, NJG, NJH, NJI, NJJ, NJK, NJL, NJM, NJN, NJO, NJP, NJQ, NJR, NJS100 RECs$0.25Futures
Options
New Jersey Class II RECs2024-20302023-2030SGF, SGG, SGH, SGI, SGJ, SGK, SGL, SGM, SGN100 RECs$0.05Futures
Options
New Jersey Solar RECs2022-20332021-2030NSE, NSF, NSG, NSH, NSI, NSJ, NSK, NSL, NSM, NSN, NSO, NSP, NSQ10 SRECs$1.00Futures
Options
New Jersey-Pennsylvania Dual Qualified Class II RECs2023-20302023-2030NEG, NEH, NEI, NEJ, NEK, NEL, NEM, NEN100 RECs$0.05Futures
Options
Ohio Non-Solar RECs2023-2030OHE, OHF, OHG, OHH, OHI, OHJ, OHK, OHL, OHM, OHN100 RECsFutures
Ohio Solar RECs2023-2030OSE, OSF, OSG, OSH, OSI, OSJ10 SRECsFutures
Pennsylvania Alternative Energy Certificate Tier I Bankable2021-20252021-2025PBE, PBF, PBG, PBH, PBI100 AECs$0.25Futures
Options
Pennsylvania Alternative Energy Certificates Tier I Vintage Specific2022-20352021-2030PAE, PAF, PAG, PAH, PAI, PAJ, PAK, PAL, PAM, PAN, PAO, PAP, PAQ, PAR, PAS100 AECs$0.25Futures
Options
Pennsylvania Solar Alternative Energy Certificates2022-20352021-2030PSE, PSF, PSG, PSH, PSI, PSJ, PSK, PSL, PSM, PSN, PSO, PSP, PSQ, PSR, PSS10 SAECs$0.25Futures
Options
Pennsylvania Alternative Energy Certificate Tier II2022-20302021-2030PCE, PCF, PCG, PCH, PCI, PCJ, PCK, PCL, PCM, PCN100 AECs$0.05Futures
Options
PJM Tri-Qualified Class I RECs2022-20352021-2035PME, PMF, PMG, PMH, PMI, PMJ, PMK, PML, PMM, PMN, PMO, PMP, PMQ, PMR, PMS100 RECs$0.05Futures
Options
PJM Quad-Qualified Class I RECs2023-2035PJG, PJH, PJI, PJJ, PJK, PJL, PJM, PJN, PJO, PJP, PJQ, PJR, PJS100 RECsFutures
Virginia RECs2023-2035VIG, VIH, VII, VIJ, VIK, VIL, VIM, VIN, VIO,VIP, VIQ, VIR, VIS100 RECsFutures
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
California Book and Claim RECN/ABNC100 RECsFuture
California PCC 3 RECs2024-2030WAE, WAF, WAG, WAH, WAI, WAJ, WAK, WAL, WAM, WAN100 RECsFutures
WREGIS Registered RECs from CRS Listedâ„¢ Wind Energy Facilities - Front Half Future2023-2030WME, WMF, WMG, WMH, WMI, WMJ, WMK, WML, WMM, WMN1,000 RECsFutures
WREGIS Registered RECs from CRS Listedâ„¢ Wind Energy Facilities - Back Half Future2023-2030WNE, WNF, WNG, WNH, WNI, WNK, WNL, WNM, WNN1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Front Half2023-2035NCF, NCG, NCH, NCI, NCJ, NCK, NCL, NCM, NCN, NCI, NCO, NCP, NCQ, NCR, NCS1,000 RECsFutures
National RECs from CRS Listedâ„¢ Wind Energy Facilities Back Half2023-2035NDF, NDG, NDH, NDI, NDJ, NDK, NDL, NDM, NDN, NDO, NDP, NDQ, NDR, NDS1,000 RECsFutures

Renewable Fuels

The products highlighted in green are only available on Nodal Exchange.

PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
California Low Carbon Fuel Standard FutureN/AN/ARFC100 Credits$0.25Futures
Options
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Oregon Clean Fuels Future ProgramN/AN/AOCA100 Credits$0.25Futures
Options
PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
Washington Clean Fuels ProgramN/AWFS100 CreditsFutures
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
D3 Renewable Identification Number2023-20262021-2025RPC, RPD, RPE, RPF, RPG10,000 RINs$0.05Futures
Options
D4 Renewable Identification Number2023-20262021-2025RNC, RND, RNE, RNF, RNG10,000 RINs$0.05Futures
Options
D5 Renewable Identification Number2023-20262021-2025ROC, ROD, ROE, ROF, ROG10,000 RINs$0.05Futures
Options
D6 Renewable Identification Number2023-20262021-2025RMC, RMD, RME, RMF, RMG 10,000 RINs$0.05Futures
Options

Renewable Natural Gas Certificates

REGISTRY

The products highlighted in green are only available on Nodal Exchange.

PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
Renewable Natural Gas Certificate Future N/ARTC1,000 RTCsFuture

Offsets

voluntary offset products

The products highlighted in green are only available on Nodal Exchange.

PRODUCTFUTURES
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		PRODUCT
SPECS
Certified Emission Reduction Commitment Period 2 FutureN/ACER1,000 OffsetsFuture
Certified Emission Reduction 2013+ FutureN/ACE31,000 OffsetsFuture
Certified Emission Reduction 2016+ FutureN/ACE61,000 OffsetsFuture
PRODUCTFUTURES
VINTAGES		OPTIONS
VINTAGES		CONTRACT
CODE		CONTRACT
SIZE		STRIKE
INTERVAL		PRODUCT
SPECS
Carbon Removal FutureN/ARMV1,000 OffsetsFuture
Verified Emission Reduction CORSIA Eligible Futures & Options
N/AN/AVER1,000 Offsets$0.05Future
Option
Verified Emission Reduction Nature Based Offset2017-20252017-2025NAA, NAB, NAC, NAD, NAE, NAF, NAG, NAH, NAI, NAT1,000 Offsets$0.05Futures
Options

Key Benefits of Trading on Nodal Exchange

IncubEx works with our partner Nodal Exchange, which lists the most expansive suite of cleared environmental products in the world.

Customer benefits include:

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Broadest exchange suite of REC futures contracts

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More efficient physical delivery process

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Letters of credit available as collateral against Initial Margin requirements

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Capital efficiency potential through Portfolio (VAR based) margining

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Products listed and cleared alongside Nodal’s existing power and gas product suite

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Competitive transaction costs

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No membership or market data fees

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Experienced team dedicated to product development and customer support

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Effective hedging for North American carbon markets

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Clear counter-party risk through Nodal Clear

All Product descriptions and information are provided for illustrative purposes only. For official contract specifications, please visit the Nodal Exchange website.