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arbcombo -- Compliance Offset Protocol U.S. Forest Projects (June 25, 2015) Guidance Document Webinar September 14, 2016 Posted: 15 Aug 2016 11:06:07
Per Resolution 15-19, ARB staff began a process to develop a guidance document to support implementation of the Compliance Offset Protocol U.S. Forest Projects (June 25, 2015). On July 27, 2015, ARB staff held a workshop to solicit stakeholder input on the proposed guidance document. As a result of that workshop, and the comments received, staff has created a draft guidance document that will be made available to stakeholders on August 16, 2016. ARB staff will conduct a webinar on September 14, 2016 at 11:00AM Pacific Standard Time. Date: September 14, 2016 Time: 11:00AM-12:00PM WEBINAR LINK: https://attendee.gotowebinar.com/register/6316385715188602883 Webinar ID: 129-456-763 The webinar will explain the rationale behind the draft guidance and staff will listen to stakeholder questions and comments before releasing the final version of the guidance document. Staff invites all interested parties to join this webinar. A link to register for the webinar will be available on the ARB website at: http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm Staff will also accept written comments on the draft guidance document until August 30, 2016 at 5:00PM PST. A link to post comments on the draft guidance can be found at (will be active on August 16, 2016): http://www.arb.ca.gov/lispub/comm2/bcsubform.php?listname=forestprotocol15-ws&comm_period=1 The draft guidance document will be posted on the Compliance Offset Program webpage at: http://www.arb.ca.gov/cc/capandtrade/offsets/offsets.htm under What’s New? on noon PST, August 16, 2016. The webinar will continue through the scheduled time period or until all questions are answered. The webinar may end prior to the scheduled end time if there are no webinar participants or all participant questions have been answered. BACKGROUND The Board first formally adopted the Cap-and-Trade Regulation in October 2011, and subsequently approved limited amendments to the Cap-and-Trade Regulation in June 2012, October 2013, April 2014, September 2014, and most recently June 2015. Offsets are a key element of the flexibility afforded by a Cap-and-Trade Program to help ensure that the needed GHG emissions reductions are cost-effective. Offsets offer low- cost emissions-reduction opportunities for covered entities to meet up to 8% of their compliance obligation. Offsets are tradable credits that represent verified GHG emissions reductions made in areas or sectors not covered by the Cap-and-Trade Program. One offset credit is equal to one metric ton carbon dioxide equivalent of GHG emission reductions. In addition to providing compliance flexibility, the inclusion of offsets in the program will support the development of innovative projects and technologies from sources outside capped sectors that can play a key role in reducing emissions both inside and outside California. Offsets must meet rigorous criteria that demonstrate that the emissions reductions are real, permanent, verifiable, enforceable, and quantifiable. To be credited as an offset, the action or project must also be in addition to what is required by law or regulation or would otherwise have occurred under a conservative business-as-usual scenario. 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.