United States: new reforms for the integrity of the voluntary carbon market

Voluntary carbon market participants welcome US President Joe Biden’s initiative to publish a set of principles designed to restore confidence in carbon credits and strengthen the role of offsets in decarbonization. Mark Kenber, Executive Director of the Voluntary Carbon Markets Integrity Initiative, says this clear direction from governments gives companies the confidence to act. Allister Furey, CEO and co-founder of Sylvera, points out that more governments and institutions should recognize the power of high-integrity markets. However, persistent integrity problems continue to hamper this potential.