Climate Action Reserve: Using Carbon Offsets for Compliance Under AB 32
The Climate Action Reserve is a national offsets program working to ensure integrity, transparency and financial value in the U.S. carbon market. It does this by establishing regulatory-quality standards for the development, quantification and verification of greenhouse gas (GHG) emissions reduction projects in North America; issuing carbon offset credits known as Climate Reserve Tonnes (CRT) generated from such projects; and tracking the transaction of credits over time in a transparent, publicly-accessible system. Adherence to the Reserve's high standards ensures that emissions reductions associated with projects are real, permanent and additional, thereby instilling confidence in the environmental benefit, credibility and efficiency of the U.S. carbon market.
- Joel Levin, Vice President, Business Development, Climate Action Reserve – Joel Levin is responsible for strategic development of the Reserve and has overseen its development from inception to its current status as the recognized environmental standard for carbon offset projects in the United States. He is the Reserve's primary liaison to the business community and is a frequent and popular speaker on the Reserve's programs and other climate change topics.