{"id":29468,"date":"2024-08-15T07:00:51","date_gmt":"2024-08-15T05:00:51","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=29468"},"modified":"2024-08-15T07:28:26","modified_gmt":"2024-08-15T05:28:26","slug":"voluntary-carbon-credits-regulatory-gray-zone-in-the-eu","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2024\/08\/15\/voluntary-carbon-credits-regulatory-gray-zone-in-the-eu\/","title":{"rendered":"Voluntary carbon credits: a regulatory gray zone in the EU?"},"content":{"rendered":"<p>The financial industry has long discovered the benefits of a global carbon market, sometimes described as the economist&#039;s solution to greenhouse gas emissions. Although the EU legislator in his\u00a0<a class=\"logclick ct_cont\" href=\"https:\/\/www.europarl.europa.eu\/meetdocs\/2014_2019\/plmrep\/COMMITTEES\/ECON\/AG\/2023\/12-11\/CRR_AG_1292331_EN.pdf\" target=\"_blank\" rel=\"noopener\">review of the CRR<\/a>\u00a0agreed on further stimulus measures, such as a lower risk weight of exposures to the regulated EU Emissions Trading System (40 %), especially the VCM, which is used for exponential growth, driven by companies&#039; desire to become sustainable and environmentally friendly.\u00a0<a class=\"logclick ct_cont\" href=\"https:\/\/www.mckinsey.com\/capabilities\/sustainability\/our-insights\/a-blueprint-for-scaling-voluntary-carbon-markets-to%20meet-the-climate-challenge\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a> predicts that VCM could grow 100-fold by 2050. However, regulatory approaches to VCM are still in their infancy. While IOSCO is currently considering a broader regulatory approach through consultations on initial voluntary best practices for the integrity and proper functioning of VCMs, the EU is focusing on increasing transparency with disclosure and reporting requirements. In this part of the blog series, we explain (I) what carbon credits are and analyze the legal requirements that currently apply to them from (II) a regulatory perspective; and from (III) the transparency angle. (<em>J\u00e1n Struckmann, Elisabeth Schemmerov\u00e1, Hendrik Wessling, more at <a href=\"https:\/\/www.lexology.com\/library\/detail.aspx?g=db22240a-6c28-491d-8956-048cca93a6ee&amp;utm_source=Lexology+Daily+Newsfeed&amp;utm_medium=HTML+email&amp;utm_campaign=Lexology+subscriber+daily+feed&amp;utm_content=Lexology+Daily+Newsfeed+2024-08-15&amp;utm_term=\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">lexology.com<\/span><\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The financial industry has long discovered the benefits of a global carbon market, sometimes described as the economist\u2019s solution to greenhouse gas emissions. Although the EU legislator agreed in its CRR review on further incentive measures, such as a lower risk weight for exposures to the regulated EU Emissions Trading System (40 %), in particular the VCM, which is used for exponential growth, [\u2026]<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-29468","post","type-post","status-publish","format-standard","hentry","category-uhlikove-kredity"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/29468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=29468"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/29468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=29468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=29468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=29468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}