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ARTICLE · 13 DECEMBER 2023

California Carbon Disclosure Requirements Delayed

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

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In October, we posted that California had enacted the Voluntary Carbon Market Disclosure Act (or ​​"VCMDA"), a law that aims to force companies to more clearly disclose the basis for their carbon reduction claims.

United StatesCorporate/Commercial Law
Gonzalo E. Mon
Gonzalo E. Mon
Katherine (Katie) Rogers
Katherine (Katie) Rogers

In October, we posted that California had enacted the Voluntary Carbon Market Disclosure Act (or ​ ​"VCMDA"), a law that aims to force companies to more clearly disclose the basis for their carbon reduction claims. The VCMDA takes effect on January 1, 2024, so some companies have been hard at work trying to comply before that date.

In a recent letter to the Chief Clerk of the Assembly, Assemblymember Jesse Gabriel – the VCMDA's sponsor – indicated that it was his ​"intent that the first annual disclosure be posted by January 1, 2025," to give companies time to comply. Gabriel intends to submit a formal letter to the Assembly Daily Journal when the State Assembly reconvenes on January 3, 2024.

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