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arbcombo -- Availability of Early Action Listing Information

Posted: 07 Mar 2013 08:40:29
The Air Resources Board (ARB) will release information related to
the listing of early action offset projects on the ARB website at
12:00 pm (noon) Pacific Time Friday March 8th. 

Regular releases will be at 12:00 (noon) Pacific Time on the on
the first business Wednesday of each month.  This release will
include information about early action offset projects that have
been reviewed and approved for listing.

The information will be posted on ARBís Early Action Projects
website at:
http://www.arb.ca.gov/cc/capandtrade/offsets/earlyaction/projects.htm.

Background
Some voluntary offset projects that have been issued offset
credits by approved voluntary registries for GHG reductions or
removal enhancements that occurred between January 1, 2005 and
December 31, 2014 may be eligible to be issued ARB offset
credits.  These projects are referred to as early action offset
projects.  Early action offset projects must meet specific
requirements in the Cap-and-Trade Regulation.

The first step in the process is to list the early action offset
project with ARB.  Once the listing information for an early
action offset project has been submitted ARB will review it and
the offset project will be listed below.  The listing information
provides general information about the early action offset
project.

In order for the early action offset credits to be eligible to
become ARB offset credits, after listing they must undergo
regulatory verification which includes an assessment of conflict
of interest and a desk review to confirm the validity of the
initial verification.  Upon satisfying the requirements in
section 95990(c) of the Regulation, and successfully completing
the regulatory verification process, applicants may request the
issuance of ARB offset credits.  After the request has been made,
ARB will conduct a full review of all project documents.  If the
review shows conformance with the Regulation, ARB offset credits
will be issued.  After issuance, information regarding the early
action offset project, including number of ARB offset credits
issued by vintage, and invalidation status will be made publicly
available on this website.

More detailed information about the process for recognizing early
action, including project eligibility, can be found in Section
6.14 of the ARB Instructional Guidance Document and in Subarticle
14 of the Cap-and-Trade Regulation.

If you have any questions related to the ARB early action
program, please contact Brieanne Aguila at (916) 324-0919.

For more information on the California Cap-and-Trade Program,
please go to:
http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm.


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