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arbcombo -- Availability of ARB Offset Credit Issuance Information Posted: 20 Sep 2013 14:54:21
The Air Resources Board (ARB) will release information related to the issuance of ARB offset credits to early action and compliance offset projects on the ARB website at 12:00 pm (noon) Pacific Time Tuesday, September 24th. Regular releases beginning in October will be at 12:00 (noon) Pacific Time on the second and fourth business Wednesdays of each month. These releases will include information about early action and compliance offset projects that have been issued ARB offset credits. The information will be posted on ARBís Offset Credit Issuance website at: http://www.arb.ca.gov/cc/capandtrade/offsets/issuance/issuance.htm. Background ARB offset credits are issued to offset projects that meet specific requirements in the Cap-and-Trade Regulation. ARB offset credits, which may be used for compliance in the Cap-and-Trade Program, represent verified greenhouse gas (GHG) emission reductions or removal enhancements achieved under ARBís Compliance Offset Protocols or approved early action quantification methodologies. For offset projects developed using a Compliance Offset Protocol, the first step in the process is for the Offset Project Operator (OPO) to list the compliance offset project with an ARB approved Offset Project Registry (OPR). Once the listing information for a compliance offset project has been submitted, the OPR will review it and the offset project will be listed on the OPRís public website. The listing information provides general information about the compliance offset project. Once listed, the OPO must monitor, report, and verify the GHG emissions reductions or removal enhancements achieved by the offset project. Upon satisfying the requirements in the Regulation, and successfully completing verification, registry offset credits may be issued to the offset project by the OPR. Registry offset credits are not valid instruments for satisfying a compliance obligation in the Cap-And-Trade Program. Once the offset project has been issued registry offset credits, the OPO may request the issuance of ARB offset credits. After the request has been made, ARB will conduct a full review of all project documentation. If the review shows conformance with the Regulation and applicable Compliance Offset Protocol, ARB offset credits may be issued into the ARB market tracking system after ARB receives confirmation that the OPR has retired the corresponding registry offset credits. After ARB offset credits are issued information regarding the compliance offset project, including number of ARB offset credits issued by vintage and invalidation timeframe, will be made publicly available on ARBís Compliance Offset Project website. More detailed information about the process for crediting compliance offset projects, including project eligibility, can be found in Chapter 6 of the ARB Instructional Guidance Document and in Subarticle 13 of the Cap-and-Trade Regulation. For offset projects developed using an approved early action quantification methodology, details on the process for issuing ARB offset credits can be found at: http://www.arb.ca.gov/cc/capandtrade/offsets/earlyaction/projects.htm. If you have any questions related to the ARB compliance offset 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. 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, ghg-rep, ghgverifiers, offsets.