Landowners are earning millions for carbon cuts that may not occur

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Under a California program aimed at curbing climate pollution, landowners across the US have received hundreds of millions of dollars for promised carbon dioxide reductions that may not occur.

The state has issued carbon offset credits to projects that may overstate their emissions reductions by 80 million tons of carbon dioxide, a third of the total cuts that the state’s cap-and-trade program was expected to achieve in the next decade, according to a policy brief that will be released in the next few days by the University of California, Berkeley….

An excerpt from Technology Review