Paige Rinderer

Aug 8, 2024 | jdsupra.com | Tara Giunta |Paige Rinderer |Michael Spafford

On July 31, 2024, nine Democratic lawmakers from the House and Senate wrote a letter to the Commodity Futures Trading Commission’s (“CFTC”) Chairman in support of the proposed guidance regarding the listing of voluntary carbon credit derivatives contracts.[1] In the letter, the lawmakers highlighted the “immature nature of voluntary carbon credit markets” and the “significant financial, environmental, and legal risks” posed to market participants and other stakeholders.

Mar 7, 2024 | lexology.com | Tara Giunta |Sean Donahue |Mehran Massih |Spencer Young |Paige Rinderer

In an open meeting on Wednesday, March 6, 2024, the Securities and Exchange Commission (“SEC”) approved in a 3-2 vote a Final Rule on climate disclosures that will “require registrants to provide certain climate-related information in their registration statements and annual reports.”[1] As many expected, the Final Rule, available here, includes significant cutbacks to the requirements contained in the initial proposal, most notably dropping Scope 3 disclosure requirements.

Jul 14, 2023 | jdsupra.com | Tara Giunta |Michael Spafford |Paige Rinderer

The voluntary carbon market is rapidly growing to match the increasing focus by corporate leaders on ESG efforts and net-zero goals. In 2021, the voluntary carbon market reached $2 billion, and by some estimates may be worth up to $50 billion by 2030. This growth, however, does not come without increased risk.