Americas > California boosts offset supply 5.8%, awards 4 offset projects 1.25m CCOs

California boosts offset supply 5.8%, awards 4 offset projects 1.25m CCOs

Published 23:50 on August 12, 2015  /  Last updated at 23:51 on August 12, 2015  / /  Americas, US

California regulators awarded 4 offset projects a total of 1.25 million CCOs on Wednesday to swell by 5.8% the total offset credits issued or cleared for compliance by the state to 22.8 million.

California regulators awarded 4 offset projects a total of 1.25 million CCOs on Wednesday to swell by 5.8% the total offset credits issued or cleared for compliance by the state to 22.8 million.

Two new projects were issued with a combined 980,791 units while two were converted early action projects issued with 266,348 units, according to an update on the Air Resources Board website.

The administration is due to make its next issuance announcement on August 26.

By Ben Garside – ben@carbon-pulse.com

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