Forest, Ag Project Developers See Opportunity, Concern In California ODS Offset Invalidation
United States-based forest carbon project developers see potential for increased demand for their offsets as a direct result of California regulators’ decision to invalidate some ozone-depleting substances (ODS) offsets. But they also sympathize with their ODS counterparts over the way the regulators arrived at their decision to invalidate the offsets and expressed concern their projects could face similar scrutiny.
18 November 2014 | California regulators shook the North American carbon markets to their core with their plans to invoke the invalidation provisions featured in the state’s carbon offset program for the first time. While the affected producers of ozone-depleting substances (ODS) offsets and their allies loudly lobbied the regulators to change their minds, developers of forest and livestock carbon offsets quietly mulled what the decision means for them.
The ODS invalidation “could be the most important topic affecting California offsets right now, said Kevin Townsend, Chief Commercial Officer of Blue Source, which develops forestry and other types of carbon offset projects. “This is immensely important for all California offset types, including forestry.
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