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arbcombo -- The Air Resources Board has released the Cap-and-Tradedraft work product on the carbon dioxide weighted tonne (CWT) allocation methodology Posted: 21 Aug 2012 14:07:42
The allocation methodology will be utilized for refineries starting in the second compliance period. This draft work product will help facilitate discussion at Tuesday’s (August 28) technical workshop on the CWT. The report can be found by accessing this link: http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm. The Air Resources Board (ARB or Board) staff will hold a technical workshop at the time noted below to discuss the Cap-and-Trade Program’s carbon dioxide weighted tonne (CWT) refinery benchmark that will be utilized starting in the second compliance period. At the October 2011 Board Meeting, and reflected in Resolution 11-32, the Board directed ARB staff to work with stakeholders to further develop the allowance allocation approach to the petroleum refining sector and associated activities for the second and third compliance periods. The evaluation is to include continuing analysis of the CWT approach, as well as treatment of hydrogen production, coke calcining, and other activities that may operate under a variety of ownership structures. DATE: Tuesday, August 28, 2012 TIME: 9:30 am to 3 pm LOCATION: Cal/EPA Headquarters Building Coastal Hearing Room 1001 I Street Sacramento, California 95814 WEBCAST INFORMATION: This meeting will be webcast for those unable to attend in person. The webcast can be accessed on the day of the workshop at http://www.calepa.ca.gov/broadcast/. Information on submitting questions or comments will be provided during the webcast for remote participants. Staff’s presentation and all associated documents will be posted in advance of the workshop on ARB’s website at: http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm. BACKGROUND: The California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms Regulation went into effect on January 1, 2012. The Cap-and-Trade Regulation, along with the Regulation for the Mandatory Reporting of Greenhouse Gas Emissions, has mechanisms to determine the compliance obligations for the petroleum refining sector. The Cap-and-Trade Regulation also provides for distribution of allowances through a mix of direct allocation and auction in a system designed to reward early action and investment in energy efficiency and greenhouse gas emissions reductions. Allowances will be distributed to industry for the purposes of leakage prevention and transition assistance. Emissions intensity benchmarking is employed to determine allowances for allocation distribution for the refining sector. In Resolution 11-32, the Board directed ARB staff to work with stakeholders to further develop the allowance allocation approach to the petroleum refining sector and associated activities for the second and third compliance periods. The evaluation is to include continuing analysis of the Carbon Dioxide Weighted Tonne (CWT) approach, as well as treatment of hydrogen production, coke calcining, and other activities that may operate under a variety of ownership structures. At this technical workshop, staff will discuss preliminary findings on the CWT approach from ARB’s consultant, Ecofys, initiate stakeholder participation in the CWT analysis, and solicit stakeholder input for the next phase of the study. 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: capandtrade, cc.