목차
Background on Carbon Markets 1
Carbon Credits 2
Compliance Markets 2
Voluntary Carbon Markets 3
Carbon Credit Concerns 5
CFTC and Federal Actions on VCMs 6
CFTC Guidance and Biden Administration VCM Principles 6
Prior CFTC Actions 8
The CFTC’s December 2023 Proposed Guidance Regarding VCC Derivative Contracts 9
A DCM Shall Only List Derivative Contracts That Are Not Readily Susceptible to Manipulation 10
Quality Standards 10
Delivery Points and Facilities11
Inspection Provisions 12
A DCM Shall Monitor a Derivative Contract’s Terms and Conditions as They Relate to the Underlying Commodity Market 12
A DCM Must Satisfy the Product Submission Requirements Under Part 40 of the CFTC’s Regulations and CEA Section 5c(c) 12
Other Guidance Regarding VCCs and VCC Derivatives 13
International Organization of Securities Commissions (IOSCO) 13
The Integrity Council for the Voluntary Carbon Market 14
Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) 15
California Voluntary Carbon Market Disclosures 18
