CARBON CERTIFICATES

Financial instruments designed to be traded as derivatives, namely, sale and delivery of Carbon Certificates sourced from unsold carbon credits across carbon offset registries that meet standard unit eligibility requirements and defined greenhouse gas (GHG) emission targets for voluntary carbon market; Trading of carbon dioxide and greenhouse gas emission credits, allowances or offsets of others establishes a commodity market; Carbon Certificates are designed to namely facilitate the trading, clearing and settlement of units, allowances, offsets, futures, options, swaps, spot contracts and other such instruments to hedge climate risk