The voluntary carbon market is facing an existential crisis. In a new op-ed for Latitude Media, CATF’s Kathy Fallon writes that “the growing gulf between opportunity and reality — both in the United States and internationally — underscores the need for additional government oversight of the voluntary carbon market to protect investors, prevent manipulation, and ensure the market delivers the intended climate benefits.” https://lnkd.in/eggukJHk
A key factor for the USA and intefnationally is the degree of transparency, required for carbon capture systems that utilise Amine based solvents. The degradation of the amines re Nitrosiamines. Produces a known atmospheric emission risk, that investors, regulators and public, understand and question.
Especialista Senior en Control de Proyectos | Análisis de riesgos
2moI recommend that Clear Air Task Force emphasize the need for regulatory intervention to save the voluntary carbon market from itself. Stricter oversight by bodies like the CFTC will send a clear signal about market integrity and protect investors. Only by addressing these issues can we hope to stabilize the market and realize the anticipated climate benefits. With the upcoming Conference of the Parties in Azerbaijan, now is the time to advocate for stronger government involvement and ensure a sustainable future for the voluntary carbon market. This recommendation emphasizes the need for pragmatism and regulatory intervention to address the issues plaguing the voluntary carbon market. It also highlights the potential for the market to play a crucial role in financing decarbonization efforts, which aligns with Clear Air Task Force's mission. 🌎