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arbcombo -- SAVE THE DATE -- JULY 15 PUBLIC WORKSHOP TO DISCUSS DRAFT CHANGES TO REGULATIONS FOR CAP AND TRADE & MANDATORY GHG REPORTING Posted: 01 Jul 2011 11:36:56
Please save the date on July 15, 2011 for a public workshop to discuss draft changes to the greenhouse gas cap-and-trade and mandatory greenhouse gas reporting regulations. DATE: Friday, July 15, 2011 TIME: 9 am to 3 pm LOCATION: Byron Sher Auditorium, 2nd Floor, Cal/EPA HQ Building, 1001 “I” Street, Sacramento Prior to the workshop, ARB will make the draft changes available in discussion drafts of the cap-and-trade and mandatory reporting regulations that outline changes based on Board direction from the December 2010 consideration of these rules. A separate listserv notice will be sent when these drafts are available. In December 2010, the Board directed ARB staff to finalize a cap-and-trade regulation, and corresponding revisions to the mandatory GHG reporting regulation. The cap-and-trade program covers major sources of GHG emissions in the State such as refineries, power plants, industrial facilities, and transportation fuels. The endorsed regulation includes an enforceable emissions cap that will decline over time. The State will distribute allowances, which are tradable permits, equal to the emissions allowed under the cap. Sources under the cap will need to surrender allowances and offsets equal to their emissions at the end of each compliance period. The discussion draft will propose to initiate the cap-and-trade program in 2012, but start the requirements for compliance in 2013. Under this proposal, the program would have a 2-year first compliance period rather than the 3-year compliance period originally envisioned. No allowances would be issued for 2012, and there would be no compliance obligation for 2012 emissions. More details on the elements of the program, including auction timing, will be in the forthcoming discussion draft. This workshop is meant to provide an opportunity for staff to explain how Board direction is being incorporated into the regulations and for stakeholders to ask questions about the programs. Staff will also discuss ways to ensure that large industrial sources subject to the recently finalized Energy Efficiency and Co-Benefits Audit regulation be required to take all cost-effective actions identified under those audits. All interested stakeholders are invited to attend. More information will be posted when available and can be found on the cap-and-trade program website: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm and the mandatory GHG reporting regulation website: http://www.arb.ca.gov/cc/reporting/ghg-rep/ghg-rep.htm . If you have questions about the cap-and-trade regulation, please call (916) 322-2037. If you have questions about the mandatory GHG reporting regulation, please call (916) 322-5350. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: ghg-dis-verifiers, ghgverifiers.