UPDATE – California-registered offset project likely set for termination after wildfire-induced carbon losses

Published 00:39 on March 30, 2023  /  Last updated at 01:23 on March 30, 2023  / Matthew Lithgow /  Americas, Canada, US  /  No Comments

An Oregon-based forestry offset project registered under California’s cap-and-trade programme will be cancelled after a wildfire caused a significant reversal in carbon stocks, according to a verifier report.

*Updates with comments from state regulator ARB*

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