First Name | Chuck |
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Last Name | DeVore |
Email Address | ChuckDeVore@aol.com |
Affiliation | California State Assemblyman, 2004-2010 |
Subject | Offset Credits |
Comment | ARB is considering allowing up to eight percent of the required greenhouse gas (GHG) emissions reduction to be met through the purchase of offset credits. Experience has shown that many of the mechanisms used to calculate the effectiveness of offset credits are non-transparent, non-scientific, and rife with fraud, especially in developing nations. What sort of comprehensive auditing mechanism will ARB put in place to ensure that offset credits are truly “real, permanent, verifiable, enforceable, quantifiable, and additional”? If an offset credit is purchased and allowed, then it is later discovered that the offset credit purchased was not effective, or the foreign government was engaging in fraud, what mechanism will ARB use to make the system whole? Will the ARB audit offset credits? Has the cost of oversight for offset credit auditing been considered? |
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Date and Time Comment Was Submitted | 2010-12-15 09:25:01 |
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