CFTC Eyes Oversight Of Voluntary Carbon Offset Markets To Block Fraud

A top official with the Commodity Futures Trading Commission (CFTC) says the agency is beginning to assess whether and how to regulate voluntary carbon markets, primarily to prevent fraud and ensure the veracity of credits used by various businesses to achieve climate goals. At a May 18 summit hosted by Politico , CFTC Chairman Rostin Behnam praised the private sector’s work growing and organizing voluntary carbon markets, which are often based on credits generated by various carbon-reduction projects on farms...