CPC futures contracts to be launched on global commodity exchanges.
In furtherance of the COP 28 Agenda, CPC futures will incentivize emission reductions for strategic commodities, biofuels, and food and feed products. By creating these new, innovative futures contracts, the entire agriculture value chain will gain in adding value-based emission reduction practices and preferences.
GIC Group, a long-standing international agribusiness, designed the CPC system and spearheaded its progress with the participation of key stakeholders in a series of pilots and focus groups. Growers have registered 80% positive response rates for the initial roll-outs of CPC corn and CPC soybean futures with similar feedback and support from major grain merchandisers, FCM’s (Futures Commission Merchants), grain marketing organizations, Approved Insurance Providers, ethanol and biofuel companies, international banks, and leading food retailers.
CPC offers a viable carbon inset strategy, combining crop or product cash basis and averaged international carbon price valuations. The premium is determined against a pre-established benchmark which entitles the supplier to a premium correlated to the verified emission level reduction. Our partnering team includes blockchain and mass balance specialists and a data authenticator following registry protocol guidelines.
For further information, refer to https://gicgroup.com/commodities-plus-carbon-cpc/ .
CPC futures contracts to be launched on global commodity exchanges.
In furtherance of the COP 28 Agenda, CPC futures will incentivize emission reductions for strategic commodities, biofuels, and food and feed products. By creating these new, innovative futures contracts, the entire agriculture value chain will gain in adding value-based emission reduction practices and preferences.
GIC Group, a long-standing international agribusiness, designed the CPC system and spearheaded its progress with the participation of key stakeholders in a series of pilots and focus groups. Growers have registered 80% positive response rates for the initial roll-outs of CPC corn and CPC soybean futures with similar feedback and support from major grain merchandisers, FCM’s (Futures Commission Merchants), grain marketing organizations, Approved Insurance Providers, ethanol and biofuel companies, international banks, and leading food retailers.
CPC offers a viable carbon inset strategy, combining crop or product cash basis and averaged international carbon price valuations. The premium is determined against a pre-established benchmark which entitles the supplier to a premium correlated to the verified emission level reduction. Our partnering team includes blockchain and mass balance specialists and a data authenticator following registry protocol guidelines.
For further information, refer to https://gicgroup.com/commodities-plus-carbon-cpc/ .