ICVCM responds to the CFTC’s Guidance Regarding the Listing of Voluntary Carbon Credit Derivatives
Written by ICVCM
Published
The Commodity Futures Trading Commission (CFTC) Guidance Regarding the Listing of Voluntary Carbon Credit Derivatives furthers the goal of bringing integrity to voluntary carbon markets by identifying core characteristics that promote transparency and liquidity.
The Integrity Council is pleased that the CFTC identifies the Integrity Council’s Core Carbon Principles as industry-recognized standards that Designated Contract Markets (DCMs) can look to as a key tool in adhering to the Guidance.
The Guidance follows a broader endorsement of high-quality carbon markets by the United States government. The US Department of the Treasury, through the US Carbon Market Principles, has emphasized the importance of high-integrity credits in advancing both domestic and global climate ambitions. The Integrity Council is delighted that the US Carbon Market Principles and the CFTC’s Guidance align with our Core Carbon Principles, underscoring the pivotal role that rigorous standards will play in ensuring that the voluntary carbon markets delivers tangible, lasting climate benefits.
As the voluntary carbon market continues to evolve, we look forward to continued collaboration with the CFTC and other governmental bodies and stakeholders to ensure that the market contributes meaningfully to global efforts to tackle climate change with integrity at its core.
Read the full guidance by CFTC here.
