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March 20, 2024

California carbon offsets bill could ‘chill the carbon markets’ beyond state boundaries

California’s capitol in Sacramento. State senator Monique Limón has introduced a bill, SB 1036, which some market participants have described as “ambiguous” and “overly prescriptive” (Photo: David Paul Morris/Bloomberg)
California’s capitol in Sacramento. State senator Monique Limón has introduced a bill, SB 1036, which some market participants have described as “ambiguous” and “overly prescriptive” (Photo: David Paul Morris/Bloomberg)

California state senator Monique Limón has introduced a bill aimed at regulating the selling and marketing of carbon offsets

An attempt to restrict the sale of carbon offsets in California could have wider ramifications for the voluntary carbon market, threatening legal trouble for participants even beyond the state, carbon market participants are warning.

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