• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Biden Admin Rolls Out Nonbinding Rules To Boost ‘Integrity’ Of Popular Green Financial Product

Biden Admin Rolls Out Nonbinding Rules To Boost ‘Integrity’ Of Popular Green Financial Product

May 28, 2024
EXCLUSIVE: Trump’s Education Dept Ends Free Tuition For Illegals

EXCLUSIVE: Trump’s Education Dept Ends Free Tuition For Illegals

July 10, 2025
Biden Doctor Fuels Claims of Cover-Up Over Former President’s Mental Fitness

Biden Doctor Fuels Claims of Cover-Up Over Former President’s Mental Fitness

July 10, 2025
BRILYN HOLLYHAND: Elon, Don’t Be An Idiot: A Third Party Is A Gift To The Left

BRILYN HOLLYHAND: Elon, Don’t Be An Idiot: A Third Party Is A Gift To The Left

July 9, 2025
Democrat Senator Puts Out Anti-White, Anti-Male Job Listing

Democrat Senator Puts Out Anti-White, Anti-Male Job Listing

July 9, 2025
Dems’ Climate Pivot Probably Just Smoke And Mirrors

Dems’ Climate Pivot Probably Just Smoke And Mirrors

July 9, 2025
Chuck Schumer Lays Groundwork For Government Shutdown

Chuck Schumer Lays Groundwork For Government Shutdown

July 9, 2025
Democrat Operatives Dishonestly Try To Boost ‘Independent’ Senate Candidate To Take Down Republican

Democrat Operatives Dishonestly Try To Boost ‘Independent’ Senate Candidate To Take Down Republican

July 9, 2025
Christian University Rejects Massive Grant Meant To Turn Churches Gay After Backlash

Christian University Rejects Massive Grant Meant To Turn Churches Gay After Backlash

July 9, 2025
Chaos In Court: Massachusetts Lawyers’ Strike Frees Alleged Drug Dealers And Abusers

Chaos In Court: Massachusetts Lawyers’ Strike Frees Alleged Drug Dealers And Abusers

July 9, 2025
Cop Killings Drop Significantly Under Trump, Data Show

Cop Killings Drop Significantly Under Trump, Data Show

July 9, 2025
Supreme Court Won’t Let Florida Enforce Law Making Illegal Immigration State Crime

Supreme Court Won’t Let Florida Enforce Law Making Illegal Immigration State Crime

July 9, 2025
Another Major Corporation Bends The Knee To Trump

Another Major Corporation Bends The Knee To Trump

July 9, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Thursday, July 10, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Biden Admin Rolls Out Nonbinding Rules To Boost ‘Integrity’ Of Popular Green Financial Product

by Daily Caller News Foundation
May 28, 2024 at 11:52 am
in News, Wire
237 15
0
Biden Admin Rolls Out Nonbinding Rules To Boost ‘Integrity’ Of Popular Green Financial Product
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The Biden administration released new rules Tuesday designed to improve the “integrity” of a popular type of green financial product.

The nonbinding guidance is meant to introduce or enhance standards for carbon credits, which are popular products because they give corporations a way to offset the emissions footprint of their operations without making sweeping and costly changes to the way they operate. Proponents of carbon offset credits tout them as a market-based climate solution, but critics say that they are too inconsistent to be trusted or are not effective enough to actually address climate change.

The guidance urges prospective credit buyers to make their own efforts to cut emissions in their own supply chains and operations, but it also lays out steps for certifiers and purchasers to increase transparency and the accuracy of their reporting.

“Voluntary carbon markets can help unlock the power of private markets to reduce emissions, but that can only happen if we address significant existing challenges,” Treasury Secretary Janet Yellen said in a statement. “The principles released today are an important step toward building high-integrity voluntary carbon markets. This is part of the Biden administration’s ambitious efforts to tackle the climate crisis and accelerate a clean energy transition that benefits all Americans.”

The Biden administration considers carbon offsets to be an important tool for bringing down overall emissions, but also acknowledged the need to make the products more reliable and trustworthy for would-be buyers, according to the press release. Corporations and individual buyers voluntarily purchased about $1.7 billion worth of credits in 2023, according to The New York Times.

WATCH: @SenJohnKennedy Destroys Dep. Energy Secretary – Exposes Climate Change Fraud By Asking One Question

KENNEDY: “If we spent $50 trillion to become carbon neutral…How much is that going to reduce world temperatures?”

SEC TURK: “This is a global problem.”

KENNEDY: “You… pic.twitter.com/eja5PJzM00

— Daily Caller (@DailyCaller) May 4, 2023

A growing number of analyses and studies have found that carbon offset credits are ineffective or hollow products, and many environmentalists deride them because they do not address sources of emissions, according to the NYT. Critics of the administration’s new guidelines charge that they are too vague and unenforceable to adequately address all of the ineffective offsets on the market.

“There are credible estimates that the voluntary carbon market could grow to 10 or 20 times what it is today, and then you’d be talking about real money to tackle climate change,” Nat Keohane, president of the Center for Climate and Energy Solutions, an organization that is in favor of carbon credits, told the NYT. “But we’re not going to get to that scale unless buyers have confidence in what they’re buying.”

The Treasury Department did not respond immediately to a request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFpoliticsU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th