SPOT ERU

spotted butterfly representing the spot market

SPOT ERU

BlueNext is one of the few exchanges in the world that allows the trading of Spot ERUs (Emission Reduction Unit).

An ERU is a Kyoto Protocol unit equal to 1 metric tonne of CO2 equivalent.  ERUs are generated for emission reductions from joint implementation projects (JI). JI projects are one of three mechanisms for Annex 1 countries to help them achieve their emissions reduction target. As CERs, ERUs can be used up to a certain limit by European operators to comply with their emission cap.

BlueNext Spot Large Hydro is now available to trade on the OTC registration system only.

Contract BlueNext Spot ERU
Mnemonic Code ERU
Underlying ERU delivered by Kyoto Protocol Annex B's Parties for Joint Implementation projects and whose projects have been selected following the advice of BlueNext's Expert Committee.
Price Tick 0.01 €/t
Minimum Price 0.01 €/t
Volume Tick 1,000 tons (central market) and 1 ton (OTC registration system)
Minimum Volume 1,000 tons (central market) and 1 ton (OTC registration system)
Trading System Continuous through Global Vision (Trayport)
Trading Hours 8:00 am to 6:00 pm (UTC+1) on the central market from Monday to Friday
8:00 am to 6:30 pm (UTC+1) on the OTC registration system from Monday to Friday
Delivery Place Registries interfacing with the delivery vs. payment scheme
Delivery & Settlement Delivery and Settlement operated by BlueNext in real time.
Delivery consists of the transfer of the underlying from the seller’s account to the buyer’s account via French registry.
OTC registration Available for members and registering brokers.
It is possible to register OTC transactions on a specific CDM or JI project.

Download the BlueNext Spot ERU List and the BlueNext Spot Large Hydro ERU List.