House Democrats Urge GAO To Review Federal Carbon Offset Oversight

Three House Democrats are pressing Congress’ watchdog to review how the federal government is verifying the quality of voluntary carbon offset markets that are gaining popularity in agriculture and other land-based sectors, arguing the wide variety of standards in these markets increases the chances of fraud. “Markets thrive with transparency, while a lack of transparency carries inherent market risk. Consumers of voluntary climate offsets require transparency and well-defined standards in the natural carbon offsets market given the wide variety and...