Industry-led Carbon Offset Taskforce ‘Fails To Address Big Fears’

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The legitimacy of an industry-led taskforce’s recommendations for scaling up the voluntary carbon offset market has been questioned by climate campaigners, who are concerned they prioritise growing the market over ensuring it is environmentally effective.  

The Taskforce on Scaling Voluntary Carbon Markets, led by former Bank of England governor Mark Carney, last night published a “roadmap” to scale the market up from about $300m at present to between $50bn and $100 billion a year, in a bid to help private companies reach net zero carbon emissions by 2050.