Court Backs Calif. Plan For Carbon Offset Credits

Law360, New York (January 28, 2013, 9:29 PM ET) -- A California state judge on Friday refused to repeal carbon offset trading provisions in California's cap-and-trade program, ruling that the state hadn’t abused its authority when it decided to set offset credits based on broad emission-reduction project categories rather than on each individual project.

Judge Ernest H. Goldsmith ruled that the California Air Resources Board, the body implementing the cap-and-trade program, had acted within its broad power when it decided to award carbon offset credits for “additionality” — in which a project to reduce emissions is...
To view the full article, register now.