California Bill Targets Credits For GHG Offset Projects Unlikely To Be ‘Real’

A California lawmaker is floating legislation that would prohibit the issuance of a voluntary carbon offset (VCO) if the issuer “knows or should know” that the emission-reduction benefits of the credit “are unlikely to be quantifiable, real, and additional.” The bill, SB 1036 by Sen. Monique Limon (D-Santa Barbara), was introduced Feb. 6. It is the latest example of legislators’ skepticism of the veracity of carbon offsets often used to satisfy corporate climate goals, with critics arguing such credits are...