Legal Implications of Voluntary Carbon Credits
The transition to a low carbon economy is estimated to require significant funding globally. The voluntary carbon market continues to play a critical role in that transition by helping to channel funding into projects that reduce carbon emissions or remove carbon from the atmosphere.
The recent launch of exchange-traded derivatives contracts in VCCs has galvanized focus on further developing VCC derivatives. Growth in the over-the-counter (OTC) derivatives market will be helped by greater overall familiarity with transactions in VCCs and related products.