CFP Energy has become the first market participant to complete a trade under the new EU Emissions Trading System 2 (EU ETS2) futures framework on the European Energy Exchange (EEX). The landmark transaction, conducted with Macquarie and brokered by Tradition, marks the formal launch of futures trading for the EU’s upcoming carbon pricing system for buildings and road transport.
Though ETS2 is not set to go live until January 2027, this initial trade creates a new pathway for businesses to hedge future carbon costs in sectors historically excluded from emissions pricing. By entering the market early, companies gain a critical tool for managing risk ahead of regulatory enforcement.
Early Stages for ETS2
“While still in its early stages, the development of this market is vital — enabling us to support fuel suppliers and end users with robust compliance and risk management strategies under this emerging scheme,” said Tim Atkinson, Head of Carbon at CFP Energy.
Patrick Rodzki, Vice President within Macquarie’s Commodities and Global Markets business highlighted their role in helping clients prepare for the evolving compliance landscape. “This milestone reflects our commitment to supporting clients by using our expertise to help them navigate the EU ETS 2 scheme. With our global experience in environmental markets, we assist clients in managing risks and identifying opportunities within this important sector.”
Tradition Energy, which served as the broker for the transaction, highlighted the trade as a foundational step in expanding the ETS2 marketplace. The firm noted that facilitating the first cleared ETS2 futures contract—set to mature in December 2028—marks the beginning of a broader effort to foster liquidity and growth in this emerging segment.
The EEX’s new contract suite includes December and April deliveries, covering the first three years of ETS2. The futures can be accessed via order book trading or trade registration, creating a transparent and liquid market ahead of compliance deadlines.
As the EU ramps up its decarbonisation agenda, the early launch of ETS2 futures provides companies with key capabilities to understand price signals, manage volatility, and build proactive compliance plans.
Read more: EU Carbon Prices Rose 7% In May Amid Market Volatility
