California recently passed the Voluntary Carbon Market Disclosures Act (AB 1305) (VCMDA). The new “anti-greenwashing” law is one of the first laws in the U.S. to not only regulate the voluntary carbon market, but also require entities – both public and private – to provide publicly available disclosures aimed at increasing transparency and accountability around certain climate-related claims and the use of voluntary carbon offsets (VCOs).
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