Wildfires caused in part by climate change are destroying trees that underpin California’s cap-and-trade system meant to combat…climate change
California’s cap-and-trade system, designed to reduce carbon emissions that contribute to climate change, is being undermined by forest fires caused in part by climate change, according to scientists.
Launched in 2013, California’s cap-and-trade allows businesses to offset carbon emissions by purchasing a limited number of credits, most of which are used to protect trees that store carbon dioxide from being cut down. California and a group of East Coast states were the first to develop such a system in the U.S. Similar programs exist in the European Union, South Korea, and China.
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