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Global regulators propose tougher scrutiny of voluntary carbon markets
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carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change.
IOSCO, which groups market watchdogs from Asia, Europe, Latin America and the United States, launched a 90-day public consultation on a set of good practices for national regulators to apply.
«VCMs have gained significant importance in recent years. But for these markets to succeed, they need integrity — both environmental and financial,» Rodrigo Buenaventura, chair of IOSCO's sustainable finance taskforce, told an event at the COP28 climate summit in Dubai on Sunday.
The two weeks of UN talks, which began on Nov.
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