May 30

Analysis: The White House Is Fueling the Carbon Offset Market Without Fixing It

By Tim McDonnell

The White House issued a full-throated endorsement of carbon offset credits on Tuesday, laying out guidelines that are meant to calm anxieties about “greenwashing” and encourage companies to invest more heavily in a controversial climate solution. But the rules are toothless, and don’t resolve the critical question of whether the carbon market really is a solution at all, or a costly delaying tactic benefitting the biggest corporate emitters.

Photo courtesy of jlhervàs.

Source: Semafor (link opens in a new window)

Environment, Investing
climate change, decarbonization, greenwashing