SecTreas, "we need to . . . grow high-integrity voluntary carbon markets"

 This is big! 

Secretary of the Treasurey Janet Yellen state yesterday, "We need to use all the tools at our disposal—creatively, thoughtfully, and at scale. I believe that harnessing the power of markets and private capital is critical. This includes efforts to grow high-integrity voluntary carbon markets.

High-integrity VCMs [voluntary carbon markets] offer significant potential economic and climate opportunities. They can enable buyers to source cost-effective credits from different technologies, ecosystems, and geographies. And they can channel capital towards the most effective climate solutions. Today, VCMs are relatively small. But these markets have the potential to support significant decarbonization—if we address some key challenges."

Read the entire Remarks by Secretary of the Treasury Janet L. Yellen on High-Integrity Voluntary Carbon Markets

https://home.treasury.gov/news/press-releases/jy2373