California offset usage against 2021 emissions declines as DEBs total exceeds 50%

Published 22:38 on December 1, 2022  /  Last updated at 22:38 on December 1, 2022  /  Americas, Canada, US  /  No Comments

California compliance offset retirements fell sharply during the 2021 interim cap-and-trade deadline, dropping by more than half versus the 2018-20 period, as emitters faced a lower usage cap and were required to turn in more credits with direct environmental benefits (DEBs) to meet newly implemented restrictions, according to official data published Thursday.

California compliance offset retirements fell sharply during the 2021 interim cap-and-trade deadline, dropping by more than half versus the 2018-20 period, as emitters faced a lower usage cap and were required to turn in more credits with direct environmental benefits (DEBs) to meet newly implemented restrictions, according to official data published Thursday.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.