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arbcombo -- Notice for April 5, 2016 Cap-and-Trade Workshop on Cost-Containment and Sector-Based Offsets Posted: 25 Mar 2016 12:07:10
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 email@example.com. 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. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips. 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, offsets.