Can CRTs generated in California be traded outside California (e.g. as an offset for a project in a different state)?
For voluntary transactions, the answer is yes. If the question is whether CRTs may be recognized for regulatory compliance in another state, that will depend on whether the other state allows and/or recognizes CRTs as offsets in its program. Currently, CRTs are only being used in the voluntary offset market and have not been approved for use in any compliance market. However, the Reserve has already been recognized as a source of high quality offsets by a number of government bodies. For example, the State of California has recognized the Reserve and its project protocols by adopting them as voluntary early actions under AB 32, and Pennsylvania has named the Reserve as a recommended source of offsets for businesses operating in the state.
Related Questions
- Are Pell Grants transferable to out of state schools? If I go to school in California and am transferring to a school outside of the state, will I still receive pell grants at the new school?
- Can CRTs generated inside California be traded outside California (e.g. as an offset for a project in a different state)?
- Can CRTs generated in California be traded outside California (e.g. as an offset for a project in a different state)?
