ESG & Investing
EU Markets Watchdog Sees Possible Crackdown of Carbon Credits
- Regulatory oversight may be pursued by European Commission
- ESMA’s Ross says commission likely to review voluntary market
Verena Ross
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
European banks, investors and companies operating in the carbon offsets market may face new regulations, as underlying greenwashing concerns persist and interest in the sector increases.
Regulatory oversight of the so-called voluntary carbon market might be something the next European Commission considers, said Verena Ross, chair of the European Securities and Markets Authority, the bloc’s markets watchdog.