On 3 December 2023, the International Organization of Securities Commissions (IOSCO) issued a consultation report which provides a general overview of the carbon credits ecosystem and outlines a proposed set of good practices to promote the integrity and orderly functioning of voluntary carbon markets. The 21 good practices relate to regulatory frameworks, primary market issuance, secondary market trading, and use and disclosure of use of carbon credits. The consultation report follows a discussion paper that IOSCO issued last November which to sought to advance global discourse regarding what sound and effective voluntary carbon markets should look like and what role financial regulators may play in promoting integrity in those markets. The deadline for comments on the consultation report is 3 March 2024.
