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Air Resources Board (ARB or Board) staff invites you to
participate in a public workshop on April 5, 2016 to discuss
potential amendments to the Cap-and-Trade Regulation related to
cost-containment mechanisms for the post-2020 program and to
continue discussing the potential for including international,
sector-based offset credits in the Cap-and-Trade Program. 

Tuesday, April 5, 2016 10:00 am – 4:00 pm

Byron Sher Auditorium 

CalEPA Headquarters Building

1001 I Street Sacramento, California 95814

Webcast: http://www.calepa.ca.gov/Broadcast/

Purpose of Workshop

The April 5, 2016 workshop will continue the public process to
develop potential 2016 amendments to the Cap-and-Trade Regulation
(Regulation).  ARB staff will present ideas related to
cost-containment mechanisms that will help inform potential
changes effective for the post-2020 program.  Areas of discussion
on cost-containment include the existing Allowance Price
Containment Reserve (APCR) and how any allowances remaining in
the existing APCR could be treated post-2020, and how an APCR
could be designed in the post-2020 program, as well as potential
other topics.  Please note that staff is not proposing any
changes to the 8% quantitative usage limit for offset credits. 
During the workshop, staff will also continue the discussion to
evaluate the potential to include international, sector-based
offset credits issued by subnational programs designed to reduce
emissions from tropical deforestation and forest degradation
within the Cap-and-Trade Regulation.  Topics included for this
workshop would include potential approaches and criteria for
managing reversal and leakage risk, offset tracking registry
requirements, and verification requirements. 

The tentative schedule for the April 5 workshop is as follows:
  
10:00 am – 12:00 pm Cap-and-Trade Cost Containment Review and
Ideas for the Future

1:00 pm –2:00 pm Reversal and Leakage Risk for Sector-Based
Offset Programs

2:00 pm – 4:00 pm Offset Tracking Registry and Verification
Requirements for Potential Linked Sector-Based Offset Programs

Following the workshop, stakeholders will have an opportunity to
provide written comments during an informal comment period which
will conclude at 5:00 p.m. Pacific time on Friday, April 22,
2016.
Comments may be submitted at
https://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm. 
Presentation slides for this workshop will be posted at 9:00 am
on April 4, 2016, at
http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm.  All
interested stakeholders are invited to attend.  A live webcast of
the workshop will be available at
http://www.calepa.ca.gov/Broadcast/.  Remote participants may
e-mail questions during the workshop to
auditorium@calepa.ca.gov.

Additional technical workshops are tentatively scheduled for
April 25, 2016 (covering leakage studies) and April 28, 2016
(covering linkage process and social and environmental
safeguards).  A listserv notice will be issued to announce each
of these meetings once details and topics become final.  

Background  

Cap-and-Trade Regulation  

ARB first formally adopted the Regulation in October 2011.  The
Board has subsequently approved limited amendments to the
Regulation in June 2012, October 2013, April 2014, September
2014, and most recently June 2015.  ARB staff is developing staff
proposals for 2016 amendments that will seek to improve Program
efficiency and chart post-2020 implementation of the Program.  

More information about ARB’s Cap-and-Trade Program is available
at http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm.   

Please note that Spanish translation services will be provided
for this April 5 workshop.  Audio equipment carrying live Spanish
translation of the workshop will be available on-site for check
out by any member of the public.  

Tenga en cuenta que se prestarán los servicios de traducción al
español de este taller de 5 de abril.  Equipo de audio llevar
traducción simultánea español del taller estará disponible en el
sitio para la salida de cualquier miembro del público.



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