Stabenow Applauds Strengthening Integrity in Carbon Credit Markets

Senator Debbie Stabenow (D-MI), Chairwoman of the Senate Ag Committee, applauded the Biden administration’s progress in strengthening the integrity of voluntary carbon credit markets. She says this marks a critical step to help those markets reach their full potential as a valuable tool to achieve net zero emissions by 2050.

“Our farmers and foresters are an important part of the climate solution,” Stabenow says. “Voluntary carbon credit markets generate new revenue streams for farmers, foresters, and rural communities, and there is clear enthusiasm across private industry and the public sector to tap into that potential.”

She also says this announcement will strengthen the integrity of those markets and build a foundation for the future. The Biden administration released voluntary principles for participation in voluntary carbon markets. The release builds on the guidance recently proposed by the Commodity Futures Trading Commission related to the listing of voluntary carbon credit derivative contracts.

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