Biden Administration Sets New Standards for Carbon Credit Integrity

The Biden-Harris Administration has announced new principles for high-integrity voluntary carbon markets (VCMs) to ensure they drive credible climate action and economic opportunities. These principles aim to establish robust standards for carbon credits, improve market functioning, and ensure fair treatment of participants. The administration's efforts include creating new climate opportunities for farmers, advancing carbon dioxide removal technologies, and supporting international market development. The goal is to enhance the integrity and effectiveness of VCMs in achieving the U.S.'s ambitious climate goals.