WWF statement on CFTC proposed guidance on carbon credits

The US Commodity Futures Trading Commission announced Monday that it has approved a proposed guidance and request for public comment regarding the listing for trading of voluntary carbon credit derivative contracts. In light of the development, World Wildlife Fund (WWF) released the following statement from Elizabeth Lien, senior director, federal climate policy and subnational programs:

"We welcome the beginning of an important process. It is critical to use regulatory tools to set standards that reduce double counting, require additionality, increase accountability and support transparency. This is a significant step to provide integrity to an emerging market with both great risks and growth potential."