California’s ARB hands out 318,000 offsets in latest issuance

Published 03:03 on April 14, 2016  /  Last updated at 03:03 on April 14, 2016  /  Americas, Canada, US  /  No Comments

California’s Air Resources Board on Wednesday issued almost 318,000 offsets, taking the total amount of carbon credits handed out so far to 39.2 million.

California’s Air Resources Board on Wednesday issued almost 318,000 offsets, taking the total amount of carbon credits handed out so far to 39.2 million.

The number was a slight drop from the previous batch of 416,000 on Mar. 23.

Vessels Coal Gas, Inc. received nearly 200,000 offsets for utilising and destroying methane from a coal mine in Colorado.

Meanwhile, 45,000 offsets were awarded to The Conservation Fund for a forest management project in California.

In addition, the ARB shortened the invalidation period on 224,000 carbon credits from eight to three years.

Emitters covered by California’s cap-and-trade system can use the offsets to cover 8% of their emissions. They are also eligible for compliance use in Quebec.

By Stian Reklev – stian@carbon-pulse.com

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