US Senators Plead CDTC to Govern Carbon Credit Markets
A group of U.S. lawmakers are pushing the Commodity Futures Trading Commission (CFTC) to deal with the integrity of carbon credit markets and regulate them. They requested that the CFTC establish “rules governing the carbon market.” They refer to the schemes that are used by firms to offset their carbon emissions. Carbon offsets are carbon credits in the voluntary carbon market (VCM). Unlike the compliance carbon market, the VCM works based on market dynamics.
Source: carboncredit.com