Reported 4 months ago
The Biden administration is introducing a framework that promotes the use of carbon offsets to drive climate progress, emphasizing real emissions reductions. The guidelines, endorsed by Treasury Secretary Janet Yellen, aim to enable companies to use carbon credits to offset Scope 3 emissions while aligning with industry governance bodies. The US principles target high-integrity project-based carbon credits and emphasize the need for real environmental integrity in the carbon market to meet sustainability goals. The government is looking to enable innovation in the finance sector to address challenges like permanence shortcomings and support innovative carbon-removal ventures.
Source: YAHOO