CFTC prepares for carbon role

The Commodity Futures Trading Commission (CFTC) has expanded its energy committee to create the Energy and Environmental Markets Advisory Committee (EEMAC) in anticipation of a $2 trillion national carbon trading scheme. In a statement released on April 17, the CFTC indicated it expects to monitor and oversee the trading of derivatives products associated with carbon dioxide allowances under any future federal cap-and-trade scheme. The creation of the EEMAC will allow the CFTC to anticipate a