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capandtrade -- Public Workshop on Potential 2016 Amendments to the Cap-and-Trade Regulation and California Plan for 111(d) Compliance Posted: 14 Sep 2015 11:14:11
Air Resources Board (ARB or Board) staff invites you to participate in a public workshop on October 2, 2015 to discuss the scope and regulatory schedule for potential amendments to the Cap-and-Trade Regulation (Regulation) and California’s plan for compliance with the U.S. Environmental Protection Agency’s (U.S. EPA) Clean Power Plan (111(d) rule). Friday, Oct, 2, 2015 9:00 am – 5:00 pm Byron Sher Auditorium CalEPA Headquarters Building 1001 I Street Sacramento, California 95814 Webcast: http://www.calepa.ca.gov/broadcast/?BDO=1 Purpose of Workshop This workshop will commence the public process to develop 2016 amendments to the Cap-and-Trade Regulation and Clean Power Plan compliance effort, and it will include ARB staff presentations on three topics: (1) general Cap-and-Trade Regulation amendments, (2) cost-containment and market oversight provisions, and (3) California’s plan for compliance with the U.S. EPA Clean Power Plan, issued under the federal Clean Air Act. First, staff will present general goals for the upcoming amendment process and seek input from stakeholders on potential Regulation amendments that will apply to the Program’s third compliance period and to the post-2020 Program. Amendments impacting the Program in the third compliance period are expected to address the following areas: streamlining offsets, auctions, and management of information in the Compliance Instrument Tracking System Service (CITSS); updating leakage prevention in response to emissions leakage studies; and including sector-based offset credits. Potential amendments for the post-2020 Program include the general Program scope, the post-2020 cap, Program linkage, allowance allocation, and the Program’s plan for compliance with the U.S. EPA 111(d) rule. Revisions to other areas of the Regulation will be considered to clarify language. Second, staff will present on cost-containment and market oversight provisions and seek input from stakeholders on possible amendments. Third, staff will present on initial thinking and options for California’s Clean Power Plan compliance plan, focusing on potential interactions with the Cap-and-Trade Regulation, which staff anticipates will play a large role in the compliance plan. A staff white paper on these issues will be available before the workshop. The expected schedule for the October 2 workshop is as follows: 9 am – 11:30 pm General Cap-and-Trade Regulation amendments 1 pm – 3 pm Cost-containment and market oversight provisions 3 pm – 5 pm Compliance plan for the U.S. EPA 111(d) rule 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 Monday, October 19, 2015. Copies of workshop presentations will be available on ARB’s Cap-and-Trade Workshops and Meetings webpage at http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm, as well as at ARB’s Clean Power Plan webpage at http://www.arb.ca.gov/cc/powerplants/powerplants2.htm. All interested stakeholders are invited to attend. A live webcast of the workshop will be available at http://www.calepa.ca.gov/broadcast/?BDO=1. Remote participants may e mail questions during the workshop to an address provided in the presentation. Tentative Schedule for Cap-and-Trade Amendment Workshops Staff will also hold a series of public workshops to discuss additional specific Program topics in detail. The tentative schedule for these workshops is as follows: Date and Time Wednesday, October 28, 2015 10:00 am – 5:00 pm Thursday, October 29, 2015 10:00 am – 5:00 pm Monday, November 9, 2015 10:00 am – 5:00 pm Tuesday, January 12, 2016 10:00 am – 5:00 pm Tuesday, February 9, 2016 10:00 am – 5:00 pm These workshops will be held in Byron Sher Auditorium in the Cal/EPA Headquarters Building at 1001 I Street in Sacramento, California. A formal notice to announce each workshop will be issued once the details and topics for that workshop become final. Further workshops are also tentatively planned for 111(d)-related topics as part of the compliance plan development process. These will be announced as they are finalized. 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. The upcoming 2016 amendments 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. Clean Power Plan On August 3, 2015, U.S. EPA’s Administrator signed its Clean Power Plan, which sets carbon dioxide emissions limits for many existing electric generating units. These regulations are based on section 111(d) (42 U.S.C. § 7411(d)) of the federal Clean Air Act. States must develop compliance plans to meet these limits and compliance plans are due in September 2016 (with the option to seek extensions). ARB is developing California’s compliance plan in consultation with the California Energy Commission and the California Public Utilities Commission, California’s air districts, and other partners. More information about the Clean Power Plan and related rules is available at http://www.arb.ca.gov/cc/powerplants/powerplants2.htm. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips.