White House carbon market guidelines
By DevvStream
Earlier this week, the U.S. Treasury took an important step toward advancing the integrity of carbon markets in the United States. At DevvStream, we welcome the Administration’s acknowledgement of carbon markets as a key tool to support decarbonization, and we’re pleased to see that efforts are being made to instill a heightened level of buyer confidence in the market. For carbon markets to fulfill their potential as a powerful tool for private and public sector entities alike to enhance sustainability and achieve net-zero goals, transparency and reliability are an absolute necessity. Unfortunately, a combination of structural conditions, ranging from a lack of regulation and the absence of a universally agreed upon set of standards to asymmetrical information and incentive structures have created a market that is severely lacking in trust and confidence.
DevvStream is committed to the highest levels of transparency and reliability, and as such, we are supportive of the White House’s efforts to put guardrails in place that will re-establish trust and spur growth in the market.
Read More Here: https://home.treasury.gov/news/press-releases/jy2372