(a) A carbon offset program is established in the department to undertake carbon offset projects on state land.
(b) The commissioner shall adopt regulations to implement AS 38.95.400 — 38.95.499.
(c) Nothing in AS 38.95.400 — 38.95.499 may be construed to prevent a private landowner from participating in a registry or exchange or to impose additional legal requirements on a private landowner undertaking the landowner's own carbon offset project.