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Verena Ross' speech at the ISDA Conference on ‘Completing the Carbon Pricing Framework’, 5 December 2024

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, climate, energy and nature, technology, ai and cyber risk

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' speech at the ISDA Conference on ‘Completing the Carbon Pricing Framework’, 5 December 2024

ContextSpeech at the ISDA conference in Brussels on completing the carbon pricing framework; ESMA protects investors and keeps EU markets orderly, including fast-growing carbon markets.

Why it mattersESMA's chair warns about weak oversight of voluntary carbon markets.

Problems raised
  1. Carbon markets increasingly overlap with financial markets.
  2. Voluntary carbon markets lack transparency and oversight.
  3. Fraud, conflicts and cyber risks threaten their integrity.
Solutions proposed
  1. Monitor the EU Emissions Trading System closely.
  2. Apply IOSCO good practices to voluntary carbon markets.
  3. Require clear risk policies from market participants.
Read full speech on esma.europa.eu ↗

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