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Comment 11 for Comment on the potential for international, sector-based offset credits in the Cap-and-Trade Program (sectorbased2015-ws) - 1st Workshop.
First Name: Katherine
Last Name: Watts
Email Address: katherine.watts@carbonmarketwatch.org
Affiliation:
Subject: Sector based offset credits in the cap and trade system
Comment:
Dear Madam or Sir, Please find attached the submission from Carbon Market Watch on the issue of sector based offset credits in the cap and trade system. In our view, the differences in the characteristics of the carbon cycles of biological (including REDD) and fossil carbon are fundamentally different and that they should not be treated as fungible with each other. The timescales of the fluxes are radically distinct with fossil carbon being stored permanently on geological timescales, and biological carbon more susceptible to rapid fluxes, including from climate impacts. Biological carbon is also harder to account for accurately, and relies on projected baselines that are subject to significant uncertainties. A better means of supporting REDD would be to put a levy on trading in the cap and trade market. Kind regards, Dr Katherine Watts
Attachment: www.arb.ca.gov/lists/com-attach/11-sectorbased2015-ws-VzRVMlAjUWBXPgdp.pdf
Original File Name: Carbon Market Watch submission to the California Air Resources Board_FINAL.pdf
Date and Time Comment Was Submitted: 2015-11-16 11:23:33
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