Skip to content
Green
ESG

Long-Awaited Rules for Carbon Offset Market Disappoint Experts

A global governance body has released new standards aimed at rebuilding trust in a market facing repeated failures.

Pine Trees In A Forest
Photographer: Bloomberg Creative Photos/Bloomberg Creative Collection
Updated on

A widely touted effort to clean up the embattled carbon-offsets market has been met with disappointment among experts.

The new guidelines from the Integrity Council for the Voluntary Carbon Market, released Thursday following three years of work, present incremental improvements to a system that allows corporations and individuals to pay for credits that compensate for their climate damage.