To keep you updated on exciting developments in California’s groundbreaking Cap-and-Trade Program, this final Alert in a three-part series focuses on yet another important element of the carbon trading system: Offsets. Offsets could significantly impact a company’s ability to comply with the new program, due to begin on January 1, 2013. Additionally, rules governing offsets will likely shape compliance strategies. Our previous two Alerts in this series explained the fundamental features of the California Cap-and-Trade Program and the rules of the soon-to-be-launched auction system. To further understand cap and trade in California, this Alert will discuss the basic elements of the offset program and how offset credits will work in the cap-and-trade system.

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Client Alert 2012-237