ESG Dive quoted partners Levi McAllister and Pam Wu in an article discussing the Treasury Department’s Joint Policy Statement and Principles on Voluntary Carbon Markets. They noted that the use of carbon credits to reach net-zero emissions will continue to be scrutinized, not only by regulators but also by investors and the public at large.
“Not only have concerns been raised about the quality of the carbon credits that have been used to offset emissions, but concerns have also been raised on the use of carbon credits to offset emissions that could be mitigated or reduced by the corporations without having to turn to carbon credits,” Levi and Pam said.