Kleinman Center senior fellow Danny Cullenward examines the integrity, effectiveness, and climate impact of voluntary carbon markets. 
---

Last year, an investigation by the Guardian and Corporate Accountability found that most of the world’s largest carbon dioxide offset projects failed to deliver promised climate benefits. The report is among several questioning the integrity and effectiveness of voluntary carbon offset programs in achieving net-zero emissions and stabilizing global temperatures.

In 2023, voluntary offset programs attracted nearly $2 billion from companies aiming to offset emissions from factory operations to air travel. However, the outcome has been a crisis of confidence in these programs.

On this podcast, Danny Cullenward, a senior fellow with the Kleinman Center for Energy Policy, explores the integrity challenges facing voluntary offset markets and their true climate impact. He also examines why governments hesitate to regulate these markets and discusses the role voluntary offsets can and should play in global climate efforts.

Danny Cullenward is a climate economist and lawyer, and a senior fellow at the Kleinman Center for Energy Policy. He also serves as Vice Chair of California’s Independent Emissions Market Advisory Committee.

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Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ 

Will Hydrogen Energy Be Clean Energy? https://kleinmanenergy.upenn.edu/podcast/will-hydrogen-energy-be-clean-energy/

 Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Kleinman Center senior fellow Danny Cullenward examines the integrity, effectiveness, and climate impact of voluntary carbon markets. ---
Last year, an investigation by the Guardian and Corporate Accountability found that most of the world’s largest carbon dioxide offset projects failed to deliver promised climate benefits. The report is among several questioning the integrity and effectiveness of voluntary carbon offset programs in achieving net-zero emissions and stabilizing global temperatures.
In 2023, voluntary offset programs attracted nearly $2 billion from companies aiming to offset emissions from factory operations to air travel. However, the outcome has been a crisis of confidence in these programs.
On this podcast, Danny Cullenward, a senior fellow with the Kleinman Center for Energy Policy, explores the integrity challenges facing voluntary offset markets and their true climate impact. He also examines why governments hesitate to regulate these markets and discusses the role voluntary offsets can and should play in global climate efforts.
Danny Cullenward is a climate economist and lawyer, and a senior fellow at the Kleinman Center for Energy Policy. He also serves as Vice Chair of California’s Independent Emissions Market Advisory Committee.
Related Content
Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions <a href="https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/">https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ </a>
Will Hydrogen Energy Be Clean Energy? <a href="https://kleinmanenergy.upenn.edu/podcast/will-hydrogen-energy-be-clean-energy/">https://kleinmanenergy.upenn.edu/podcast/will-hydrogen-energy-be-clean-energy/</a>
 Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Energy Policy Now

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by <a href="https://kleinmanenergy.upenn.edu/podcast/">the Kleinman Center for Energy Policy</a> at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Kleinman Center senior fellow Danny Cullenward examines the integrity, effectiveness, and climate impact of voluntary carbon markets.

The Crisis of Confidence in Voluntary Carbon Offsets

Two experts discuss the geopolitical risks of solar geoengineering and the need for global governance frameworks to prevent conflict. 
---

Solar geoengineering, the deliberate modification of Earth’s atmosphere to curb global warming, still seems like science fiction. However, research is progressing rapidly, and geoengineering’s potential implementation has drawn the attention of the United States Congress, which has mandated a research plan to explore its human and societal impacts.

On the podcast, two experts explore one of the least understood, but potentially weighty societal issues surrounding solar geoengineering, namely the potential for the technology to be the source of geopolitical tension and even war.

Scott Moore, Practice Professor of Political Science at the University of Pennsylvania, and Craig Martin, a specialist in public international law at Washburn University, discuss their forthcoming research that considers the uneven distribution of benefits and risks that would result from geoengineering, and how this might lead to conflict between countries. They also explore governance frameworks to help manage geopolitical tensions, if and when solar geoengineering is implemented.

Scott Moore is Practice Professor of Political Science, and Director of China Programs and Strategic Initiatives, at the University of Pennsylvania.

Craig Martin is a professor of law at Washburn University who specializes in public international law, in particular law pertaining to armed conflict and climate change.

Related Content 

A New Era of Policy in Solar Geoengineering https://kleinmanenergy.upenn.edu/research/publications/a-new-era-of-policy-in-solar-geoengineering/ 

Advancing the Social License for Carbon Management in Achieving Net-Zero GHG https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ 

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Two experts discuss the geopolitical risks of solar geoengineering and the need for global governance frameworks to prevent conflict. ---
Solar geoengineering, the deliberate modification of Earth’s atmosphere to curb global warming, still seems like science fiction. However, research is progressing rapidly, and geoengineering’s potential implementation has drawn the attention of the United States Congress, which has mandated a research plan to explore its human and societal impacts.
On the podcast, two experts explore one of the least understood, but potentially weighty societal issues surrounding solar geoengineering, namely the potential for the technology to be the source of geopolitical tension and even war.
Scott Moore, Practice Professor of Political Science at the University of Pennsylvania, and Craig Martin, a specialist in public international law at Washburn University, discuss their forthcoming research that considers the uneven distribution of benefits and risks that would result from geoengineering, and how this might lead to conflict between countries. They also explore governance frameworks to help manage geopolitical tensions, if and when solar geoengineering is implemented.
Scott Moore is Practice Professor of Political Science, and Director of China Programs and Strategic Initiatives, at the University of Pennsylvania.
Craig Martin is a professor of law at Washburn University who specializes in public international law, in particular law pertaining to armed conflict and climate change.
Related Content 
A New Era of Policy in Solar Geoengineering <a href="https://kleinmanenergy.upenn.edu/research/publications/a-new-era-of-policy-in-solar-geoengineering/">https://kleinmanenergy.upenn.edu/research/publications/a-new-era-of-policy-in-solar-geoengineering/ </a>
Advancing the Social License for Carbon Management in Achieving Net-Zero GHG <a href="https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/">https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ </a>
Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Two experts discuss the geopolitical risks of solar geoengineering and the need for global governance frameworks to prevent conflict.

Navigating the Geopolitical Risks of Solar Geoengineering

The EPA's methane rules for the oil and gas industry will depend on new technologies to monitor and verify climate impacts. 
---

In December the Environmental Protection Agency introduced regulations to limit the amount of methane that escapes into the atmosphere from the oil and gas industry. In theory, the path to reducing emissions should be relatively straightforward. Efforts will focus on stopping the routine venting of methane from wells, and on the plugging of leaks from pipelines and other infrastructure.

Yet, for the new rules to be effective, emissions will need to be measured across vast and geographically dispersed oil and gas infrastructure. Likewise, data from many different monitoring technologies will need to be reconciled so that efforts to reduce climate impacts can be verified.

On the podcast Arvind Ravikumar, co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin, and Kleinman Center Senior Fellow John Quigley explore the new rules governing methane emissions in the U.S., and the technological challenges surrounding compliance.

Arvind Ravikumar is co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin.

John Quigley is a senior fellow at the Kleinman Center for Energy Policy and former secretary of the Pennsylvania Department of Environmental Protection.

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Can the Global LNG Market Support U.S. Export Ambitions?

https://kleinmanenergy.upenn.edu/podcast/can-the-global-lng-market-support-u-s-export-ambitions/ 

Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions

 https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ 

Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

The EPA's methane rules for the oil and gas industry will depend on new technologies to monitor and verify climate impacts. ---
In December the Environmental Protection Agency introduced regulations to limit the amount of methane that escapes into the atmosphere from the oil and gas industry. In theory, the path to reducing emissions should be relatively straightforward. Efforts will focus on stopping the routine venting of methane from wells, and on the plugging of leaks from pipelines and other infrastructure.
Yet, for the new rules to be effective, emissions will need to be measured across vast and geographically dispersed oil and gas infrastructure. Likewise, data from many different monitoring technologies will need to be reconciled so that efforts to reduce climate impacts can be verified.
On the podcast Arvind Ravikumar, co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin, and Kleinman Center Senior Fellow John Quigley explore the new rules governing methane emissions in the U.S., and the technological challenges surrounding compliance.
Arvind Ravikumar is co-director of the Energy Emissions Modeling Lab at the University of Texas at Austin.
John Quigley is a senior fellow at the Kleinman Center for Energy Policy and former secretary of the Pennsylvania Department of Environmental Protection.
 Related Content
Can the Global LNG Market Support U.S. Export Ambitions?
<a href="https://kleinmanenergy.upenn.edu/podcast/can-the-global-lng-market-support-u-s-export-ambitions/">https://kleinmanenergy.upenn.edu/podcast/can-the-global-lng-market-support-u-s-export-ambitions/ </a>
Advancing the Social License for Carbon Management in Achieving Net-Zero GHG Emissions<a href="https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/"></a>
<a href="https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/"> https://kleinmanenergy.upenn.edu/research/publications/advancing-the-social-license-for-carbon-management-in-achieving-net-zero-ghg-emissions/ </a>
Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

The EPA's methane rules for the oil and gas industry will depend on new technologies to monitor and verify climate impacts.

Why New Tech is Key for EPA Methane Rule Compliance

Natural gas market expert Anne-Sophie Corbeau explores the global outlook for LNG demand, and the potential for this demand to support the rapid expansion of U.S. LNG export capacity. 
---

The United States emerged as the leading global exporter of liquefied natural gas (LNG) in 2023, surpassing long-standing leaders Qatar and Australia. Looking ahead, U.S. LNG exports are projected to double by the end of the decade as new export facilities are developed along the U.S. coastline.

This rapid expansion has intensified concerns regarding the environmental and community impacts of extensive LNG export projects. Additionally, the swift development of LNG projects raises questions as to whether the global market for natural gas, often referred to as a “bridge fuel”, will support substantial investment and long-term operation of new LNG projects.

Anne-Sophie Corbeau, a global research scholar at the Center on Global Energy Policy at Columbia University, examines the future of global LNG demand and how it may support future supply additions in the U.S. She also discusses the potential for global LNG oversupply and factors that could affect the competitiveness of the U.S. industry in a potentially saturated market.

Anne-Sophie Corbeau is a global research scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs, and a former head of gas analysis at BP.

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Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/

Europe Confronts the Reality of Energy System Sabotage https://kleinmanenergy.upenn.edu/podcast/europe-confronts-the-reality-of-energy-system-sabotage/

 Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Natural gas market expert Anne-Sophie Corbeau explores the global outlook for LNG demand, and the potential for this demand to support the rapid expansion of U.S. LNG export capacity. ---
The United States emerged as the leading global exporter of liquefied natural gas (LNG) in 2023, surpassing long-standing leaders Qatar and Australia. Looking ahead, U.S. LNG exports are projected to double by the end of the decade as new export facilities are developed along the U.S. coastline.
This rapid expansion has intensified concerns regarding the environmental and community impacts of extensive LNG export projects. Additionally, the swift development of LNG projects raises questions as to whether the global market for natural gas, often referred to as a “bridge fuel”, will support substantial investment and long-term operation of new LNG projects.
Anne-Sophie Corbeau, a global research scholar at the Center on Global Energy Policy at Columbia University, examines the future of global LNG demand and how it may support future supply additions in the U.S. She also discusses the potential for global LNG oversupply and factors that could affect the competitiveness of the U.S. industry in a potentially saturated market.
Anne-Sophie Corbeau is a global research scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs, and a former head of gas analysis at BP.
Related Content
Coordinated Policy and Targeted Investment for an Orderly and Reliable Energy Transition <a href="https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/">https://kleinmanenergy.upenn.edu/research/publications/coordinated-policy-and-targeted-investment-for-an-orderly-and-reliable-energy-transition/</a>
Europe Confronts the Reality of Energy System Sabotage <a href="https://kleinmanenergy.upenn.edu/podcast/europe-confronts-the-reality-of-energy-system-sabotage/">https://kleinmanenergy.upenn.edu/podcast/europe-confronts-the-reality-of-energy-system-sabotage/</a>
 Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.edu

Natural gas market expert Anne-Sophie Corbeau explores the global outlook for LNG demand, and the potential for this demand to support the rapid expansion of U.S. LNG export capacity.

The Crisis of Confidence in Voluntary Carbon Offsets

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