Are these the same as offsets that could be used by companies in the cap-and-trade bills Congress is considering to place mandatory limits on U.S. greenhouse gas emissions?
The voluntary carbon offsets we are offering are very similar, but not exactly the same as the offsets that could be used under these bills. The Conservancy’s program addresses additionality, measurement, leakage, and verification in ways that are similar to the kinds of approaches that we are suggesting for policy. The differences between these offsets and those that could be used under cap-and-trade bills relate primarily to the timing of crediting offset activities under a cap-and-trade system and the liability that would be established under a mandatory program to ensure that offsets represent permanent reductions. We are assigning your contribution to the amount of carbon dioxide that we anticipate will be captured and stored over 70 years after taking into account natural risks, leakage, and using the best scientific information at hand to predict forest growth. Similarly, a company might invest up front in return for rights to offsets generated over time. In either case we would
Related Questions
- Are these the same as offsets that could be used by companies in the cap-and-trade bills Congress is considering to place mandatory limits on U.S. greenhouse gas emissions?
- Accounts Receivable - The department of a large company whose function is to send bills to companies that owe money. Theres more to it than that, but who cares?
- What bills is Congress considering?
