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Control carbon offsetting to prevent fraud, says Carney

Nov 14, 2020 - The Daily Telegraph (London)

CARBON offsetting is at risk of money laundering and fraud, a new task force headed by Mark Carney has said, as it lays out measures to regulate the market.

Mr Carney, the former governor of the Bank of England and an adviser to Boris Johnson on climate change, has set up a private-sector task force to establish a "credible" market for carbon offsets, which have been dismissed by critics as "greenwashing".

Businesses and consumers can pay to offset polluting activities such as flight...