Remarks by Deputy Secretary of the Treasury Wally Adeyemo on Voluntary Carbon Markets

As Prepared for DeliveryThank you, Annette, for the kind introduction. And let me thank the Global Carbon Market Utility, the Integrity Council for the Voluntary Carbon Market (IC-VCM), and the Voluntary Carbon Markets Integrity Initiative for hosting me and this event today.Over the past three and a half years, the Biden-Harris Administration has pursued an aggressive climate agenda, and Treasury has been proud to play a leading role. We lead the implementation of the many tax provisions of the Inflation Reduction Act, which are driving a record level of private sector investment in clean energy. We published the Principles for Net-Zero Financing and Investment to support financial institutions in pursuing credible and consistent net-zero commitments.