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 – firstname.lastname@example.org