Businesses and experts reveal plans for carbon offset regulator

Businesses and experts reveal plans for carbon offset regulator

Greenpeace attacks scheme as ‘get out of jail free’ card for companies who want to greenwash emissions

A new independent body is to regulate carbon offsetting and try to allay fears of greenwashing raised by the controversial practice, under plans put forward by a group of businesses and experts.

The regulator, proposed by the Taskforce on Scaling Voluntary Carbon Markets, would begin operating later this year and oversee the issuance of carbon credits, in projects such as tree-planting or forest protection schemes, to businesses who want to buy them to make up for the impact of their own greenhouse gas emissions.

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