Today the Biden administration unveiled new rules intended to clean up the deeply flawed carbon offset markets. 

In response, Food & Water Watch Managing Director of Policy & Litigation Mitch Jones released the following statement:

“There is no real way to fix inherently faulty carbon offset markets. These absurd schemes only exist to give polluters and corporate giants cover to claim they are acting on climate when they are in fact doing nothing but buying pointless credits. The only sensible approach to offset markets is to reject them altogether. Creating so-called guidelines for a phony climate accounting scheme is a waste of time and resources, and ultimately does more harm than good.”