Amazon, Exxon Mobil and Microsoft are joining forces in a bid to improve the credibility of the increasingly criticized voluntary carbon market.
Company experts are part of a new 17-member independent panel that will consider improvements such as creating a “Carbon Star” similar to EPA’s Energy Star to certify that projects funded through the voluntary carbon market are effective.
The Voluntary Carbon Market Task Force was created by the Bipartisan Policy Center, which seeks ways for Republicans and Democrats to work together. The task force also includes Weyerhaeuser, environmental advocates, tribal groups and companies that develop projects funded through the voluntary market.
It launches as President Donald Trump reverses climate-related measures established under former Democratic Presidents Joe Biden and Barack Obama, and people are looking to carbon markets to address climate change.
