ESG & Investing
Treasury’s Adeyemo Talks Up Voluntary Carbon Market
- He says VCM can create ‘economic and climate opportunities’
- Lingering questions remain about integrity of carbon credits
Wally Adeyemo
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
After several bruising years of fighting fires and trying to fix glaring shortcomings, the voluntary carbon market is now ready for prime time.
That’s the resounding message from investors, corporate executives and government ministers who gathered in New York on Wednesday for what’s been dubbed “VCM Day.” In a series of talks and seminars, speakers expressed why carbon credits must be considered a key pillar of climate action. It’s an argument that’s garnering support from the likes of Treasury Secretary Janet Yellen and former Bank of England Governor Mark Carney.