Companies that unknowingly buy fake carbon-offset credits in California’s planned cap-and-trade program for greenhouse gases shouldn’t be forced to replace them with real ones, according to emissions traders.
The proposed carbon market, which is scheduled to start next year, “cannot work” if the state doesn’t change the “buyer liability” rules for offset credits, the Geneva-based International Emissions Trading Association and four other lobbying groups said in a May 2 letter to the California Air Resources Board obtained today.
