ICMA publishes paper on carbon market opportunities for sustainable finance
                                                        
                                                            The International Capital Market Association (ICMA) has published a paper examining the role of compliance and voluntary carbon markets in sustainable finance. The paper analyses integrity challenges in the development of carbon markets and explores opportunities for market participants in trading, hedging and structured finance. It notes that compliance markets now cover over 25% of global emissions, with traded values reaching US$950bn in 2024, while voluntary markets, although limited, could play a complementary role in transition strategies and sustainable bond issuance.