CFTC: regulators can help carbon market’s ‘credibility’ problem

Rostin Behnam, Commodity Futures Trading Commission

Photo: John Harrington

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The voluntary carbon credit market has a “credibility” issue that regulators can help resolve, according to the chair of the Commodity Futures Trading Commission (CFTC).

The voluntary carbon market is used by companies looking to shrink their footprint via the purchase of credits, generated by the funding of projects designed to reduce the levels of carbon in the atmosphere. However, there has been criticism of the lack of consistency around the pricing and quality of the credits, and whether

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