Quote-Unquote: Administration touts voluntary carbon markets

June 5, 2024
What they’re saying. Administration promotes ‘significant’ potential of voluntary carbon markets : “We encourage the U.S. private sector and other stakeholders in the carbon credit value chain to responsibly participate in VCMs, consistent with the principles below. These principles recognize the need for: credit integrity, including protections regarding climate and environmental justice (i.e., “supply integrity”). . . ; credible credit use (i.e., “demand integrity”). . . ; and market-level integrity, including facilitating efficient market participation and lowering transaction costs. ...

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