The Commodity Futures and Exchange Commission today released its final guidance on listing standards for the trading of carbon offsets derivatives on CFTC-regulated exchanges. The new guidance outlines the factors that designated contract markets should consider before listing any contract whose underlying asset is a carbon offset.
Carbon offsets have been discredited by a vast range of academic papers, investigative reports, and community testimonials. The voluntary carbon market is shrinking rapidly, with a market cap of less than $1 billion today.“The CFTC is stuck between a rock and a hard place: a small volume of carbon offsets derivatives are being traded, and powerful interests are seeking to expand that market.
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Source: FXStreetNews - 🏆 14. / 72 Read more »