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arbcombo -- ARB Is Now Accepting Applications for the Voluntary Renewable Electricity Program

Posted: 30 Apr 2014 13:59:37
Application forms and instructions are now available to request
the retirement of California Cap-and-Trade Program GHG Allowances
for purchased and installed voluntary renewable electricity. 

The Cap-and-Trade Program allows entities to apply to ARB to have
GHG allowances retired on their behalf for eligible voluntary
renewable electricity purchases, pursuant to California Code of
Regulations, title 17, ß 95841.1.  Application forms may be
downloaded from ARBís Voluntary Renewable Electricity website at:
http://www.arb.ca.gov/cc/capandtrade/renewable/voluntary-renewable-update.htm

BACKGROUND
The California Cap-and-Trade Regulation (Regulation) went into
effect on January 1, 2012.   The Voluntary Renewable Electricity
(VRE) program supports renewable electricity purchases that are
not mandated by the Renewables Portfolio Standard (RPS), and
provides a mechanism for the recognition of voluntary purchases
of renewable electricity in the Cap-and-Trade Program.  The
Cap-and-Trade Regulation specifies a percentage of allowances to
be set aside each year for VRE purposes.  Voluntary purchasers of
renewable electricity may apply to retire allowances for these
purchases.  Retirement of allowances under the VRE program allows
voluntary purchasers of renewable electricity to claim a
reduction in GHG emissions.  Renewable electricity plays an
important role in meeting Californiaís GHG emission reduction
goals.  The growing voluntary renewable energy market will help
to further reduce emissions from the electricity sector and
stimulate innovation in renewable energy, promote new businesses
and job growth, and reduce air pollution.


California is in a drought emergency.
Visit www.SaveOurH2O.org for water conservation tips.

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