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Creating A Carbon Sequestration Right: A Legal Tool To Enhance The Use Of Forest-Based Carbon Offsets, Abigail Stecker
Creating A Carbon Sequestration Right: A Legal Tool To Enhance The Use Of Forest-Based Carbon Offsets, Abigail Stecker
Abigail Stecker
A carbon sequestration right would support the use of forest-based offsets to facilitate the satisfaction of AB 32's emission reduction standards. Under AB 32, California will enter into a cap-and-trade market with other states and Canadian provinces through the Western Climate Initiative. The WCI market will include only forest-based offsets that are verifiable, real, additional, and permanent. Firms participating in the market will be more willing to purchase these offsets when they are assured that a secure legal tool supports the underlying carbon sequestration and storage.
A conscientiously drafted and implemented carbon sequestration right will provide adequate legal support for …