ISDA Responds to UK Climate Change Committee Call For Evidence on Carbon Offsets

On February 28, ISDA submitted a response to the UK Climate Change Committee (CCC) call for evidence on carbon offsets. The CCC is an independent statutory body advising the UK government on emissions targets that is planning to develop a more in-depth piece of work on voluntary carbon offsets, which will culminate in a report on offsets to be published later in 2022.

In its response, ISDA highlights its interest in the development of a robust voluntary carbon offset market that will strengthen the functioning of the carbon derivatives markets and enable the continued development of liquidity in derivatives products so that market participants can appropriately manage their business risks. It points out that one of the main obstacles to advancing voluntary carbon trading is a lack of clarity about the legal nature of voluntary carbon credits that is necessary to create robust voluntary carbon credit markets, which in turn will enable the development of a clear price signal for carbon and allow funds to be efficiently channeled towards emissions-reducing projects.

Documents (1) for ISDA Responds to UK Climate Change Committee Call For Evidence on Carbon Offsets

Joint Paper on UK EMIR Reform

On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...

Response to FCA on UK EMIR Reporting

On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...

CDS Trading Activity in EU, UK and US Markets

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...