📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    What measures are the International Organization of

    Securities Commissions (IOSCO) proposing to enhance voluntary carbon markets (VCMs), and why is this initiative significant?
    A Implementing 21 safety measures to standardize terminology in VCMs Correct Answer Incorrect Answer
    B Initiating a 90-day public consultation on UN talks for emissions-capturing technologies Correct Answer Incorrect Answer
    C Prioritizing ending fossil fuel use over promoting renewable energy in VCMs Correct Answer Incorrect Answer
    D Encouraging double counting of carbon credits to boost sector growth Correct Answer Incorrect Answer
    E Allowing companies to trade carbon credits without regulatory disclosure Correct Answer Incorrect Answer

    Solution

    IOSCO is proposing 21 safety measures to improve the integrity, transparency, and enforcement in voluntary carbon markets (VCMs). This initiative is significant because it aims to address concerns about the quality and potential double counting of carbon credits, reducing the risks of fraud in these markets. The proposed measures include standardizing terminology in VCMs, which is crucial for ensuring clarity and consistency in the trading of carbon credits.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question