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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
Tuesdayís (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 Programís 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.  Staffís presentation
and all associated documents will be posted in advance of the
workshop on ARBís 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 ARBís consultant, Ecofys,
initiate stakeholder participation in the CWT analysis, and
solicit stakeholder input for the next phase of the study.


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