Global Correspondence

GFMA Submits Response to IOSCO VCM Consultation Report

GFMA submitted a response to the IOSCO Consultation Report to promote the integrity and orderly functioning of the Voluntary Carbon Markets (VCMs).

In the response, GFMA highlights it support’s IOSCO’s efforts to:

  1.  Generate an open and meaningful, cross-industry dialogue with a view to maximizing the potential of VCMs;
  2.  Identify the key considerations relating to VCMs;
  3.  Promote and support the development of sound and well-functioning VCMs that adhere to best practice; and
  4.  Identify, and make recommendations to resolve, uncertainties and overcome limitations within VCMs.


– 1 March 2024-

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