Amazon, Microsoft, and Exxon want to make scandal-plagued carbon markets more trustworthy

Amazon, Axon and Microsoft have joined a new task force to burn images of the scandal-revised voluntary carbon market.

The task force organized by the bilateral policy center Think tank is hoping to improve the credibility of the voluntary carbon market, studying the stability and “the federal government will make principal recommendations for how to promote fair, skilled and transparent market”, “” Task Force “,” Task Force WebsiteThe

The panel, which has 17 independent members, was announced last week. It has reached because technology companies have increased their investment in AI, which has given their stocks a huge encouragement. However, they have also stressed their ability to hurt their climate.

Microsoft’s carbon emissions touched the sky in 2023, it increased by about 30% over the year About 20 gigwatts Renewable power under the agreement. And Amazon’s progress has been postponed, only a little down in the same period, though it has invested in large quantities Renewable power And Electric distribution vehicleThe

To keep their net zero goals in reach, both companies have become the main player in the voluntary carbon market. Buy Microsoft 7 million metric tons Last month of carbon credit, when last year bought Amazon and other companies $ 180 million worth of dollars Offsets for the Rain Forest of Brazil.

However, in recent years, those markets have been shaking by scandal.

An investigation in 2023 Published Those Vera, a non -profit that certified carbon credit, sold a few million offsets that were effectively worthless. Vereers sold the credit to reduce forests in places like Peru. Analysis has shown that these regions were not at a significant risk of logging or clearing. The investigation suggests that more than 90% of Rain Forest-related credit has no effect on reducing carbon emissions.

Vera argued in the report. Six months later, the company’s long -term chief executive officer Have resignedThe

The task force, which was formed last week, also includes representatives of startups like herloom, isometric and bezero. Nonprofit is also part of the task force, as is the former CEO of Verra and the executive of the Timber Giant Weaerhouse.