They quit a council to improve carbon markets. Now they’re skeptics.

By Anne C. Mulkern | 12/23/2024 06:19 AM EST

Two European scientists who tried to make the voluntary carbon market more credible found problems with “industry-led self-regulation.”

A Peruvian many walks in the Amazon, which is in danger of deforestation.

A Peruvian man walks in the Amazon, which is in danger of deforestation. A global effort to have corporations pay to prevent deforestation faces credibility problems. AP/Martin Mejia

Swiss scientist Jürg Füssler wanted to improve the credibility of the global voluntary carbon market to counter criticism that it inappropriately gave corporations credit for addressing climate change.

Three years ago, Füssler joined a nonprofit council and helped establish guidelines to ensure that the projects genuinely helped cut greenhouse gas emissions.

But Füssler resigned this month, opposed to a council decision and skeptical that the entire unregulated voluntary carbon market can reduce global emissions.

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“It’s the problem of industry-led self-regulation, which is always a difficult thing to do,” Füssler, 56, said in a recent phone interview from Zurich. “Sometimes it works. But in most cases, it doesn’t work well.”

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