Global securities regulators proposed closer scrutiny of carbon trading on Wednesday to deepen liquidity and prevent greenwashing in markets used by companies to offset their emissions to drive the transition to a net-zero economy.
The International Organization of Securities Commissions , which groups securities regulators from across the world, made recommendations to improve 'compliance' carbon markets, and asked whether regulators should be more involved in 'voluntary' carbon markets.
Both markets have fallen short of their objectives, said IOSCO Chair Jean-Paul Servais in a statement to coincide with COP27, this year's annual U.N. climate change summit of world leaders being held in Egypt. Exchanges could also publish aggregated positions held by different types of market participants, it added.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FAQ: What's at stake at the COP27 global climate negotiationsWorld leaders are meeting in Egypt for the next two weeks to talk about reining in climate change and paying for its deadly effects. Here's what you need to know.
Read more »
New statistics provide sobering backdrop for global climate negotiations at COP27New data provide the most complete and up-to-date look at climate conditions through 2022, depicting a world of worsening impacts.
Read more »
COP27: UN unveils plan to build $3B global 'early warning' systemHumanity is in 'the fight of our lives' as climate crisis intensifies droughts, floods and heatwaves, UN chief Antonio Guterres warned leaders at the COP27 climate summit in Egypt.
Read more »
GFA’s ‘Fashion Industry Target Consultation’ Among New Partnerships, Harsher Goals Announced at COP27Coming off of their first joint event last week in Singapore that drew hundreds, the Sustainable Apparel Coalition and Global Fashion Agenda are among those announcing new partnerships at the COP27 climate summit.
Read more »
COP27: UN chief tells climate summit, Cooperate or perishU.N. Secretary-General Antonio Guterres has told world leaders that they much cooperate or perish at the annual climate summit in Egypt.
Read more »