CFTC To Hold Second Voluntary Carbon Markets Convening In July 19

CFTC To Hold Second Voluntary Carbon Markets Convening In July - Carbon Herald
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The Commodity Futures Trading Commission (CFTC) announced this week it will be holding the second voluntary carbon markets convening on July 19. 

The convening will take place at 11:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters.

A formal agenda for the meeting is yet to be released, but the purpose of the convening is to discuss matters relating to the issuance and quality of carbon credits and the public sector’s role in the carbon markets. 

For instance, one of the issues to be discussed during the meeting is what initiatives have recently been undertaken by the private sector to ensure the high quality of carbon credits. 

Another issue on the agenda is what market participants think about how the CFTC can help promote integrity for such credits. 

CFTC Chairman Rostin Behnam said: “The voluntary carbon markets are at a critical point in their development and growth, and the CFTC has an important policy responsibility to promote product innovation, price discovery, and liquidity for high-quality carbon credits that are the underlying commodity for derivatives products listed on CFTC-registered exchanges.”

Read more: CFTC Whistleblower Office Issues Alert For CO2 Market Fraud Or Manipulation 

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