Openness, Oversight Key To Carbon Markets: Report

Law360, New York (January 19, 2011, 1:59 PM EST) -- Regulation of a federal carbon emissions market — including allowances, offsets and derivatives — should focus on attracting a broad base of market participants while ensuring strict oversight to prevent manipulation, fraud and other abuses, a federal interagency report says.

The report, released Tuesday by a group of federal financial regulators led by the U.S. Commodity Futures Trading Commission, makes a case for fitting regulation of a federal carbon allowance and offset derivative markets within the existing derivative regulatory framework Congress established in the Dodd-Frank Wall...
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