Law360, New York (August 21, 2009, 1:01 PM EDT) -- The United States is poised to pass some version of a cap-and-trade bill in the near future. In debating the form of the final statutes and corresponding regulations, Congress would be well-advised to take note of the growing pains of current carbon offset markets so as to avoid duplicating them.
In particular, any final bill must include strict oversight provisions for projects that receive carbon offset credits, and there must be a single government authority with responsibility for oversight, reporting and enforcement.
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