CFTC Floats Guidance To Shore Up Voluntary Carbon Credits’ Validity

DUBAI -- After considering how to approach the issue since 2021, the Commodity Futures Trading Commission (CFTC) is floating guidance for how futures exchanges can list voluntary carbon credit derivative contracts, hoping to increase integrity of carbon credits that companies are increasingly using to achieve their climate goals. The Dec. 4 proposed guidance coincides with ongoing international climate negotiations in Dubai, where a range of officials and outside stakeholders -- including CFTC Chairman Rostin Behnam -- are gathering to highlight...