C2ES Comments on CFTC Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts
These comments were submitted to the U.S. Commodities Futures Trading Commission on February 16, 2024.
Statement of Nathaniel Keohane
President, Center for Climate and Energy Solutions
June 30, 2022
On the Supreme Court’s decision on W.Va. v US EPA:
“The Supreme Court has previously ruled that the EPA has the statutory authority to regulate greenhouse gases, and that responsibility remains after today’s ruling. This decision, however, will limit the EPA’s ability to use common-sense regulatory approaches, making it harder to reduce carbon pollution from existing electric power plants and other sources. The court’s ruling puts a damper on clean energy investment just when we should be ramping it up.
“The decision also threatens to put the United States further behind our international counterparts, who are stepping up the pace of domestic action to meet international climate commitments and reap the benefits of the transition to a net-zero emissions economy.
“We must do better to accelerate the transition to a thriving and equitable net-zero future. C2ES will continue to work with business leaders, policymakers, and other stakeholders to develop and implement policies to meet the 2030 U.S. emissions commitment, support the Paris Agreement, and strengthen climate resilience.”