EDF Joins Industry Groups Against California Bill Targeting Carbon Offsets

The Environmental Defense Fund (EDF) and a conservation group are joining industry in opposing a California bill to prohibit the issuance of carbon offsets if the issuer “knows or should know” the benefits of the credits “are unlikely to be quantifiable, real, and additional,” arguing the measure would block worthwhile emission-reduction projects. The bill “would stifle private investment in nature-based climate solutions, preventing California from achieving its natural and working lands goals,” states a Senate “floor alert” issued this week...