Global regulators propose tougher scrutiny of voluntary carbon markets

3/12/2023 18:42

        A global securities watchdog proposed 21 safety measures on Sunday to improve integrity, transparency and enforcement in voluntary carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change.
        
        IOSCO, which groups market watchdogs from Asia, Europe, Latin America and the United States, launched a 90-day public consultation on a set of good practices for national regulators to apply.
        
        The two weeks of UN talks, which began on Nov. 30, are addressing debate over whether ending the use of fossil fuels in the first place should be prioritised over promoting technologies that can capture emissions.