We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

GAO Skepticism Of Carbon Offset Markets

Law360 (January 13, 2009, 12:00 AM EST) -- The U.S. Government Accountability Office (“GAO”) recently released two reports skeptical of the credibility and effectiveness of both the U.S. voluntary carbon offset market and the compliance carbon offset market under the Kyoto Protocol’s Clean Development Mechanism (“CDM”).[1]

The GAO reports were commissioned by House Republicans on the Committee on Oversight and Government Reform and the Committee on Energy and Commerce in response to increasing press coverage critical of the U.S. voluntary carbon offset market and the CDM.

After reviewing both markets, the GAO reports conclude...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.