Can CRTs generated inside 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 their 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 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.
