IOSCO Consults on Carbon Markets

The International Organisation of Securities Commissions (IOSCO) has launched a 90-day consultation for its recommendations on establishing sound compliance carbon markets (CCMs) and enhancing the resilience and integrity of voluntary carbon markets (VCMs). IOSCO has called on market participants to provide feedback on how to foster fair and functional markets and increase structural resilience to ensure these markets achieve their environmental objectives. IOSCO’s CCMs report makes recommendations for jurisdictions seeking to establish compliance markets as a way to meet their obligations under Article 6 of the Paris Agreement. The report on VCMs explores  attributes that can foster sound carbon credit markets, as well as vulnerabilities that prevent these carbon credit markets from upscaling. Jean-Paul Servais, IOSCO Board Chair, IFRS Foundation Monitoring Board Chair and Chairman of the Belgian FSMA, said: “No market can function without appropriate levels of integrity and, transparency, and liquidity so IOSCO today hopes to lend its international, market expertise to help develop appropriate frameworks for sound and well-functioning carbon markets, focusing on promoting integrity and liquidity and increasing transparency to facilitate price discovery.” 

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