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Sustainable Finance

The impacts of climate change are real and urgent, and FIA stands with our member firms in a shared mission of helping the world manage transition risks and build a more sustainable global economy.

CFTC Enforcement of Environmental Fraud

In this presentation, Sidley Austin discusses issues that market participants may face with respect to the CFTC’s recently announced initiative to allocate enforcement resources to monitor and police the voluntary carbon markets. The intersection of US commodity and environmental law are explored with consideration of prior carbon market enforcement before other regulatory bodies like the California Air Resources Board.

  • FIA opposes California bill that would disrupt carbon markets

    FIA filed a formal letter of opposition to California SB 1036, which would impede the development of robust and well-regulated voluntary carbon markets (VCMs). The legislation would subject entities that sell, issue, and engage in other activities relating to voluntary carbon offsets to heightened penalties under California law.

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  • FIA supports IOSCO’s good practices for voluntary carbon markets

    On 1 March FIA responded to a public consultation issued by the International Organization of Securities Commissions outlining a proposed set of “good practices” to promote the integrity and orderly functioning of voluntary carbon markets (VCMs). In the response, FIA commended IOSCO for fostering a much-needed dialogue on the issues surrounding the development of VCMs.

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  • FIA responds to CFTC guidance on the listing of voluntary carbon credit derivatives

    The Commodity Futures Trading Commission's proposed guidance on voluntary carbon markets is a welcome attempt to strengthen the integrity of these markets, FIA says in a response to the proposal. However, if the CFTC intends to establish additional requirements for exchanges that list derivatives on carbon credits, it should engage in a formal rulemaking process.

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  • CFTC continues to explore its role in voluntary carbon markets 

    The US Commodity Futures Trading Commission held its second "voluntary carbon markets convening" on 19 July to gather expert input on the state of the carbon markets.   

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