A first step towards regulating the carbon offset market

By Levi McAllister and Pamela Tsang Wu (June 17, 2022, 5:19 p.m. EDT) — With the drive to transition to a low-carbon economy, carbon offsets have become an option many have turned to to decarbonize and achieve their climate goals.

The demand for carbon offsets is growing rapidly and the industry has recognized the need for quality standards for a carbon offset, the ability to monitor, report and verify carbon offsets, and mechanisms that ensure the integrity of the market.

Indeed, with the exponential growth of carbon offsets markets and the demand for carbon offsets, a paramount question among market participants has been: How can we ensure and build the credibility and integrity of…

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