Barrett Morris and Jules Carter co-authored Westlaw Today article: The CFTC starts moving on Voluntary Carbon Credits
Moore & Van Allen (MVA) Head of Derivatives P. Barrett Morris and Litigation Associate Jules W. Carter co-authored the article, “The CFTC starts moving on Voluntary Carbon Credits”, published by Westlaw Today on October 25. The article explains the guidelines issued in September for trading Voluntary Carbon Credits and discusses a regulator's first enforcement action related to them.
The article
The Commodity Futures Trading Commission ("CFTC") has been hard at work implementing a scheme to more effectively regulate and govern Voluntary Carbon Credits ("VCCs") and related derivatives through enforcement and guidance.
Carbon contracts, often referred to as carbon credits or emissions reduction contracts, are environmental commodities in the form of an agreement aimed at reducing greenhouse gas emissions by setting specific targets for businesses or organizations. They can take various forms, but generally, they fall into two buckets: mandatory (compliance) carbon markets and voluntary carbon markets.
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