Carbon credits: How the US plans to regu • Table.Briefings

Guyana has already sold voluntary CO2 certificates for 40 million tons.

Guyana has already sold voluntary carbon credits for 40 million tons. Both the government and companies in the US are heavily relying on carbon credits from the voluntary market. The Biden administration has now proposed concrete ideas to revise the rules, but experts warn of greenwashing.

The US government aims to advance climate action through voluntary measures to offset CO2 emissions. In a new concept paper, it has outlined its expectations and goals for overhauling the Voluntary Carbon Market (VCM). Meanwhile, major US companies like Amazon, Microsoft, Google and Meta are launching new projects for compensation certificates. However, criticism of voluntary CO2 offsets remains persistent, as demonstrated by the difficulties faced by Switzerland in achieving many of its compensation goals.

Carbon credits: How the US plans to regulate the voluntary market

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