In a Pensions & Investments article, partner Michael Littenberg, global head of the firm’s ESG, CSR and business and human rights practices, discussed federal government guidelines to advance voluntary carbon markets by bolster transparency and make them more attractive to investors.
The Biden administration statement listed seven principles for responsible participation in VCMs that Michael described as evolutionary rather than revolutionary because they do not reflect a change in the law since the markets are still unregulated, and in many respects are aligned with private initiatives and other VCM practices.
“Anything that results in more transparent markets in this area, more regularity in terms of disclosures is only a good thing for the continuing growth of the voluntary carbon market,” said Michael.
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