Alaska looks to tap carbon markets

US state’s governor proposes legislation to support expansion of CCS and generation of tradeable offsets

Alaskan governor Mike Dunleavy has proposed a package of laws designed to support the state’s entry into global carbon markets. The Carbon Management Bill would authorise the state’s Department of Natural Resources (DNR) to promote and develop CCS and biological sequestration as well as the generation of globally traded carbon offsets. “Shortly, we will introduce our Carbon Management Bill package to launch the state into the emerging carbon market,” says Dunleavy. “Managing this resource is clearly in Alaska’s best interest. It is in alignment with our constitutional mandate to develop all resources. This opportunity does not exclude or negatively impact current industries in Alaska, such a