Remarks by Under Secretary for Domestic Finance Nellie Liang on Voluntary Carbon Market Integrity

As Prepared for DeliveryGood afternoon and thank you all for being here today. I have been looking forward to this conference and would like to thank the Integrity Council for the Voluntary Carbon Market (IC-VCM), the Global Carbon Market Utility (GCMU), and the Voluntary Carbon Markets Integrity Initiative (VCMI) for hosting this event. The focus of today’s conference – delivering high integrity carbon markets – is critically important to meeting our climate goals. As stated by Secretary Yellen, to meet the challenges of climate change, “We need to use all the tools at our disposal—creatively, thoughtfully, and at scale.”As the Secretary mentioned in her speech earlier today, several US government agencies came together to issue the Voluntary Carbon Markets Joint Policy Statement and Principles in May of this year.