Governing Emissions Trading in California and China
Legal Planet
MAY 9, 2022
As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. . California has perhaps the most comprehensive protocols on offsets in the world, but this has not quieted concerns. – Do no harm.
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