California sets stage for global forest protection through state’s cap-and-trade program

September 6, 2018 by Abhay Sharma

(Source: EDF) California laid the groundwork today to leverage the state’s ambitious climate program to help protect tropical forests around the world. A draft standard proposed by the California Air Resources Board (CARB) sets out comprehensive requirements for credits from large-scale reductions in emissions from tropical deforestation to be considered for inclusion in California’s cap-and-trade program. Tropical deforestation adds as much carbon pollution to the atmosphere every year as all the cars and trucks in the world combined, and stopping it is a critical step to avoiding dangerous global warming and meeting the goals of the Paris climate accord. Adoption of the standard by the Board would be a pivotal first step toward California becoming the first compliance carbon market in the world to recognize such credits. Read full article…

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