Verra submits feedback to Commodity Futures Trading Commission on voluntary carbon markets regulation; group urges assertive approach against fraud, manipulation, while cautioning against market confusion and impediment to GHG emission reduction efforts

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February 26, 2024 (press release) –

Verra submitted a comment letter to the Commodity Futures Trading Commission (CFTC) as part of the ongoing dialogue regarding potential regulatory efforts for voluntary carbon markets (VCMs).

Verra encouraged the CFTC to adopt a more assertive approach in tackling concerns of fraud and market manipulation and pledged to assist regulatory initiatives, but cautioned leaders against unintended effects that could create confusion in the market, potentially impede the ongoing development of VCMs, and short-circuit the flow of finance, technology, and capacity needed to scale up greenhouse gas emission reductions and removals and to solve the climate emergency.

Verra’s submitted feedback highlighted its commitment to continual improvement and quality in VCMs, and encouraged the CFTC to ensure its approach aligns with the best practices and supports a unified regulatory approach that enhances the integrity and transparency of the growing market.

Verra Comment on Proposed Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts (PDF)

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