The Energy Transition: What's Next?

The market is not pricing in that crude oil disappears anytime soon, we think this is largely a generational shift. It could be decades before you see a real real pullback in fossil fuels. We're also working with our customers to build out these frontier markets that today are small but growing but tomorrow will be central to whether it's electric vehicle production or consumption. And then the carbon market and how the world is pricing hedging and taking positions in the price of carbon globally. The CME has built out a product suite of voluntary carbon products called GEO or geo products which stands for global emissions offsets.