A “boring” look at the California carbon market
Last month, carbon market practitioners and observers gathered in San Francisco for the annual Navigating the American Carbon World (NACW) conference. NACW began in California over a decade ago as a regional meet-up for the nascent community of practice working on voluntary carbon management initiatives. Now, in step with California’s climate leadership and the start of the second shift in North American policy attention from top-down federal efforts to bottom-up state/regional action, the conference’s relevance far exceeds Golden State’s borders. Notably, this year’s NACW convened just four months following the formal start of California’s long-awaited cap-and-trade program, the world’s second largest carbon market.
