GHG Offsets Group Says Updated Forestation Rules May Bolster Interest

Leaders of a greenhouse gas offset group say forthcoming updates to a standard for generating tropical forestation preservation and restoration credits could provide valuable incentives to expand participation by companies and governments, though the group doubts California regulators will adopt the revised standard in its cap-and-trade program. Verra, a Washington, D.C.-based non-profit organization that in part sets standards for GHG offset credits including its verified carbon standard (VCS), announced March 4 that it will be strengthening its forest preservation and...