US CFTC issues first guidelines for carbon credit markets
Sept 20 (Reuters) -The U.S. Commodity Futures Trading Commission on Friday approved the first guidelines for the trading of voluntary carbon credit derivative contracts in the country.
Carbon credit derivative contracts are financial instruments that derive their value from carbon credits, which represent the right to emit one metric ton of carbon dioxide or an equivalent amount of greenhouse gases.
The contracts allow traders and market participants to hedge against or speculate on the future price of carbon credits, similar to how traditional derivative contracts function in commodities or financial markets.
Regulators have pushed for heightened scrutiny of voluntary carbon markets, which have developed outside government oversight, due to concerns over quality and double counting.
The U.S. derivatives watchdog has outlined guidance for derivatives exchanges to crack down on price manipulation.
"The CFTC's unique mission focused on risk mitigation and price discovery puts us on the front lines of the now global nexus between financial markets and decarbonization efforts," said CFTC Chairman Rostin Behnam.
Regulators in the Americas and Europe have increasingly been worried about greenwashing.
Earlier this year, the CFTC said it was investigating greenwashing - when companies exaggerate their environmental credentials- as part of its crackdown on fraud and misconduct in the voluntary carbon markets.
In May, the U.S. government unveiled rules to govern the use of voluntary carbon credits, seeking to boost confidence in a nascent market after some high-profile offset projects failed to deliver the promised emissions reductions.
"Voluntary carbon markets can help unlock the power of private markets to reduce emissions, but that can only happen if we address significant existing challenges," Treasury Secretary Janet Yellen had said at the time.
Many companies "offset" their own greenhouse gas emissions by buying voluntary carbon credits, which represent the avoidance or removal of emissions via projects largely located in developing countries.
Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
