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Biden Administration Unveils Guidelines to Enhance Integrity of Voluntary Carbon Markets and Boost Emission Reductions

The Biden administration has announced a new plan to ensure that carbon credit markets are meeting their promises to reduce emissions. The White House has laid out guidelines to advance “high-integrity” voluntary carbon markets by establishing clearer rules for participants. This move aims to address concerns about whether these programs are achieving their promised decarbonization. Treasury Secretary Janet Yellen supports the policy, stating it can play a significant role in reducing greenhouse gas emissions if addressed properly.

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