Greenpeace calls the voluntary scheme first proposed by Mark Carney a ‘get of jail free card’
Carbon offsetting is to be regulated by a new independent body, in an effort to allay fears of greenwashing over the controversial practice, under plans put forward on Thursday 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.
