California Considers Expanding Cap-And-Trade To Prevent Global Deforestation

Download this post...Deforestation accounts for approximately 15 percent of all global greenhouse gas emissions every year. The California Air Resources Board is considering allowing companies regulated under cap-and-trade to purchase carbon offsets to protect tropical forests. It’s based on the United Nation’s Reduced Emissions from Deforestation and Forest Degradation program, or REDD. Some environmental groups...