This blog article aims to increase awareness about California’s new Voluntary Carbon Market Disclosures Act (AB1305) which targets the increasingly concerning business practice of “greenwashing” as well as Australian & NZ efforts in the same space. The new California law requires companies or other business entities making climate-related claims in California, as well as participants in carbon emission offset markets in California to post an annual disclosure on their websites. Failure to post the required disclosure, or posting inaccurate information may invoke a civil penalty of up to $2,500 per day per violation, up to a $500,000 maximum penalty.
