Per Resolution 15-19, ARB staff began a process to develop a
guidance document to support implementation of the Compliance
Offset Protocol U.S. Forest Projects (June 25, 2015). On July 27,
2015, ARB staff held a workshop to solicit stakeholder input on
the proposed guidance document. As a result of that workshop, and
the comments received, staff has created a draft guidance
document that will be made available to stakeholders on August
16, 2016. ARB staff will conduct a webinar on September 14, 2016
at 11:00AM Pacific Standard Time.
Date: September 14, 2016
Time: 11:00AM-12:00PM
WEBINAR LINK:
https://attendee.gotowebinar.com/register/6316385715188602883
Webinar ID: 129-456-763
The webinar will explain the rationale behind the draft guidance
and staff will listen to stakeholder questions and comments
before releasing the final version of the guidance document.
Staff invites all interested parties to join this webinar.
A link to register for the webinar will be available on the ARB
website at:
http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm
Staff will also accept written comments on the draft guidance
document until August 30, 2016 at 5:00PM PST. A link to post
comments on the draft guidance can be found at (will be active on
August 16, 2016):
http://www.arb.ca.gov/lispub/comm2/bcsubform.php?listname=forestprotocol15-ws&comm_period=1
The draft guidance document will be posted on the Compliance
Offset Program webpage at:
http://www.arb.ca.gov/cc/capandtrade/offsets/offsets.htm under
What's New? on noon PST, August 16, 2016.
The webinar will continue through the scheduled time period or
until all questions are answered. The webinar may end prior to
the scheduled end time if there are no webinar participants or
all participant questions have been answered.
BACKGROUND
The Board first formally adopted the Cap-and-Trade Regulation in
October 2011, and subsequently approved limited amendments to the
Cap-and-Trade Regulation in June 2012, October 2013, April 2014,
September 2014, and most recently June 2015.
Offsets are a key element of the flexibility afforded by a
Cap-and-Trade Program to help ensure that the needed GHG
emissions reductions are cost-effective. Offsets offer low- cost
emissions-reduction opportunities for covered entities to meet up
to 8% of their compliance obligation. Offsets are tradable
credits that represent verified GHG emissions reductions made in
areas or sectors not covered by the Cap-and-Trade Program. One
offset credit is equal to one metric ton carbon dioxide
equivalent of GHG emission reductions. In addition to providing
compliance flexibility, the inclusion of offsets in the program
will support the development of innovative projects and
technologies from sources outside capped sectors that can play a
key role in reducing emissions both inside and outside
California.
Offsets must meet rigorous criteria that demonstrate that the
emissions reductions are real, permanent, verifiable,
enforceable, and quantifiable. To be credited as an offset, the
action or project must also be in addition to what is required by
law or regulation or would otherwise have occurred under a
conservative business-as-usual scenario.
California is in a drought emergency.
Visit www.SaveOurH2O.org for water conservation tips.
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following lists: capandtrade, cc, offsets.
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The energy challenge facing California is real. Every Californian
needs to take immediate action to reduce energy consumption. For
a list of simple ways you can reduce demand and cut your energy
costs, visit the Flex Alert website at www.flexalert.org .
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