The following letter was sent to Robert Sidman, deputy secretary of the Commodity Futures Trading Commission on December 14, 2022. Watch the recording of the Agricultural Advisory Committee meeting on December 7 on YouTube here.
A foundational purpose of the Commodity Futures Trading Commission (CFTC) was to develop rules to prevent market manipulation and to manage price volatility risk for the producers and commercial users of agricultural commodities.
In March 2021, when the Securities and Exchange Commission (SEC) released questions on climate-related financial disclosures for public input, it received
Today is World Water Day, observed every year on March 22 to draw attention to the role that fresh water plays in our world and lives, and the challenges that lie ahead in realizing the right to water for all.
Wheat futures prices reached near historic highs recently, increasing by 50% in the globally price influential Chicago futures market since the Russian military began its invasion of Ukraine on February 24.
A recent series of meetings of the Commodity Futures Trading Commission’s (CFTC) Energy and Environmental Markets Advisory Committee (EEMAC) highlighted the risks of a forecast boom in offset emissions futures contract trading. The underlying assets of offset futures are projects to reduce, avoid or that claim to permanently remove greenhouse gas emissions.
We thank the Commodity Futures Trading Commission (CFTC, or Commission) for the invitation to comment on the proposal by the Commercial Energy Working Group to form an EEMAC carbon markets subcommittee.1 The proposed stakeholder group would produce a report on principles for designing the derivatives and underlying cash markets for the
The role of carbon dioxide (CO2) emissions credit trading to achieve the objectives of the U.N. Framework Convention on Climate Change (UNFCCC) has been debated since the authorization of international emissions trading in the 1997 Kyoto Protocol to the UNFCCC.
In practice, financial markets often operate very differently from how they should operate according to investment theory. Markets are supposed to discover prices freely through a process of transparent bids, offers and price settlement mediated by neutral exchanges.
