Global Watchdog Proposes New Measures to Boost Integrity and Transparency in Voluntary Carbon Markets
• Global securities watchdog IOSCO proposed 21 safety measures to improve integrity, transparency and enforcement in voluntary carbon markets (VCMs) • IOSCO launched a 90-day public consultation on good practices for regulators to apply to VCMs • VCMs cover pollution-reducing projects that generate carbon credits bought by companies to offset emissions • IOSCO aims to standardize VCM terminology and wants better anti-fraud and market manipulation safeguards • Good practices could include comprehensive disclosures on projects, verification methods, and measurement/reporting entities