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Forest Offsets In The California Carbon Market: Challenges Of A Market Based Climate Solution, Eric Warmoth
Forest Offsets In The California Carbon Market: Challenges Of A Market Based Climate Solution, Eric Warmoth
CMC Senior Theses
Within California’s cap-and-trade program, forest offsets allow landowners to earn carbon credits for protecting forests that sequester carbon and sell these credits to polluters that can then emit one additional ton of carbon. The state’s top regulator, the California Air Resources Board (CARB), is tasked with overseeing cap-and-trade and the forest offset system. CARB is currently updating the state’s Climate Change Scoping Plan to set California on track to achieve its 2030 climate goal of reducing greenhouse gas emissions to 40% below 1990 levels. CARB is approving forest offsets that overestimate emissions reductions, while allowing companies to continue polluting in …