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CA AB1305

Bill

Status

Passed

10/7/2023

Primary Sponsor

Jesse Gabriel

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Business entities marketing or selling voluntary carbon offsets in California must disclose on their websites details about offset projects, including the protocol used, project location, timeline, emissions reductions/removal quantities, project type, standards met, durability period, third-party validation, and annual emissions data.

  • Sellers of voluntary carbon offsets must disclose accountability measures if projects are not completed or fail to meet projected emissions reductions, including actions taken if carbon storage is reversed or future emissions reductions do not materialize.

  • Entities purchasing voluntary carbon offsets and claiming net zero emissions, carbon neutrality, or significant emissions reductions must disclose the offset seller name, project identification, project type, protocol used, and whether independent third-party verification exists.

  • Entities making net zero, carbon neutral, or similar emissions claims must disclose how claims were determined accurate, how interim progress is measured, and whether independent third-party verification of company data exists.

  • Violations are subject to civil penalties of up to $2,500 per day per violation, with a maximum total penalty of $500,000, enforceable by the Attorney General or local prosecutors; all disclosures must be updated at least annually.

Legislative Description

Voluntary carbon market disclosures.

Last Action

Chaptered by Secretary of State - Chapter 365, Statutes of 2023.

10/7/2023

Committee Referrals

Appropriations7/12/2023
Judiciary6/29/2023
Environmental Quality6/7/2023
Rules5/31/2023
Appropriations4/25/2023
Judiciary4/11/2023
Natural Resources3/2/2023

Full Bill Text

No bill text available