ISDA responds to METI’s consultation on carbon credit report

Article summary

The International Swaps and Derivatives Association (ISDA) has published its response to Japan’s Ministry of Economy, Trade and Industry's (METI) consultation on its carbon credit report. In its response, ISDA highlighted the important role derivatives and financial institutions play in the carbon credit markets by increasing liquidity and transparency. ISDA also noted it is important to clarify the legal nature of voluntary carbon credits (VCC) to enhance the robustness of the VCC trading market.