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The heads of the Treasury, Energy and Agriculture Departments as well as President Joe Biden's top climate and economic advisers announced a joint statement of policy and principles to guide participation in voluntary carbon markets as part of its broader efforts to encourage their development. "Voluntary carbon markets can help unlock the power of private markets to reduce emissions, but that can only happen if we address significant existing challenges," said Treasury Secretary Janet Yellen.

The EPA finalized rules for carbon pollution from power plants, but it still excludes a major source of greenhouse gas emissions.

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The social unrest echoed similar disruptions in recent years in countries from France to Ecuador and Nigeria, triggered by state-led efforts to curb consumption of carbon-polluting fuels by hiking prices.

The big U.N. Climate Change Conference -- COP28 -- is underway in Dubai and the role of emerging technologies in the fight against global warming is likely to be a recurring theme. On POLITICO Tech, host Steven Overly asks Marcene Mitchell of the World Wildlife Fund to expound on the promise and the…