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Amazon, Microsoft, and Exxon want to make scandal-plagued carbon markets more trustworthy
A task force, organized by the Bipartisan Policy Center think tank, is hoping to improve credibility of voluntary carbon markets.
The task force, organized by the Bipartisan Policy Center think tank, is hoping to improve credibility of voluntary carbon markets, studying the status quo and drafting “policy recommendations for how the federal government can promote fair, efficient, and transparent markets,” according to the task force’s website. And Amazon’s progress has stalled, down only slightly in the same time period even though it has invested heavily in renewable energy and electric delivery vehicles. An investigation in 2023 revealed that Verra, a nonprofit which certified carbon credits, had sold tens of millions of offsets that were effectively worthless.
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