CCM welcomes Defra's carbon offset code of conduct

Carbon Capital Markets ® (CCM), has welcomed Defra’s Code of Conduct for Carbon Offsetting.

Commenting on the launch of Defra's code of conduct for carbon offsetting, Lionel Fretz, chief executive of CCM, a trader and fund manager in carbon and clean energy markets, said: ‘We welcome this strict code from Defra for the carbon offset markets. We have always taken the position that offsetting should only use credits from the regulated market as it is only these that have been through such a strict process of auditing and verification to guarantee their worth.’

“We welcome this strict code from Defra for the carbon offset markets. We have always taken the position that offsetting should only use credits from the regulated market as it is only these that have been through such a strict process of auditing and verification to guarantee their worth.

Lionel Fretz, chief executive of CCM

‘I would urge anyone purchasing offsets to make sure they are buying regulated credits only, using an FSA authorised and regulated supplier to ensure that both the offset supplier and the offsets they provide, are subject to the highest standards of regulation.’

CCM is involved in all aspects of the regulated, Kyoto-compliant carbon markets.