Offset 07
Offset 07 :
Offsets are tradable credits that represent greenhouse gas emissions reductions that are made in areas or sectors not covered by a cap-and-trade program. Under a greenhouse gas cap-and-trade program, covered entities could buy offset credits in lieu of buying allowances or reducing their greenhouse gas emissions on-site. One offset credit would be equal to one metric ton of greenhouse gas emissions. Offsets must meet rigorous criteria that demonstrate that the emissions reductions are real, permanent, verifiable, enforceable and quantifiable
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