MarketVoice
Expanding carbon markets show big potential in 2021
There is rising global support for market-based initiatives to support the transition to a more sustainable global economy. The launch of China's first national carbon trading market in February marks an important new development in these markets, and the US has made climate change a top priority under President Biden. As these regions begin these efforts, Europe's mature Emissions Trading System continues to thrive and the UK is also setting up its own emissions trading scheme after leaving the EU regime as part of Brexit.
Continue ReadingViewpoint – Listen to customers and markets will follow
FIA strongly believes that the development of competitive, efficient and resilient markets is best achieved by market-driven solutions and client demand over the long term. Mandating where participants trade and clear would eliminate customer choice and harm the growth of financial market infrastructure by creating unintended costs and risks. These actions may ironically place EU customers and clearing members at a competitive disadvantage to their international colleagues, or in the alternative set off a ripple effect for other nations to similarly pick up their overseas marbles and go home. Either way, customers lose.
