Search
2024-05-17
California’s Compliance Offset Program

California Air Resources Board | SourceDownload

California's Compliance Offset Program, an integral part of the Cap-and-Trade Program, provides a crucial avenue for reducing greenhouse gas (GHG) emissions while offering flexibility and cost containment for covered entities. Administered by the California Air Resources Board (ARB), the program issues ARB Offset Credits to projects that effectively mitigate GHG emissions, helping the state achieve its ambitious climate goals.

Key Features

  • Tradable Credits: Compliance offsets represent verified GHG emissions reductions or removal enhancements from sources not obligated under the Cap-and-Trade Program. These credits offer flexibility and compliance options for covered entities.
  • Quantitative Usage Limits: Covered entities may use compliance offset credits to meet a percentage of their compliance obligation, with limits set for each compliance period. The program balances emission reduction targets with compliance flexibility.
  • Compliance Offset Protocols: The ARB has approved various Compliance Offset Protocols, specifying guidelines for projects to generate ARB offset credits. These protocols cover a range of activities, including livestock projects, mine methane capture, and forestry initiatives.

Recommendations

  • Streamlined Processes: Enhancing the efficiency of project registration and credit issuance processes will facilitate greater participation and ensure timely implementation of offset projects.
  • Periodic Review: Regular review and updating of Compliance Offset Protocols are necessary to reflect evolving best practices and scientific advancements, ensuring the program's effectiveness.
Viewed Articles
California’s Compliance Offset Program
California Air Resources Board | Source | Download | California's Compliance Offset Program, an integral part of the Cap-and-Trade Program, provides a crucial avenue for reducing greenhouse gas (G
May 17, 2024
Read More
OECD- Pricing Greenhouse Gas Emissions 2024
OECD | Source | Download | To achieve net-zero emissions, countries must enhance climate action and address policy gaps. The OECD's 2024 Pricing Greenhouse Gas Emissions report reviews the progres
2025.01.24
Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System
World Bank | Source | Download  | The "Recipe for a Livable Planet" presents the first comprehensive global strategic framework aimed at mitigating the agrifood system's significant contributions
Agricultural Policy Monitoring and Evaluation 2023: Adapting Agriculture to Climate Change
OECD| Source | Download | Introduction: Climate change poses significant challenges to global agricultural systems, exacerbating existing crises in agricultural markets. Reforms are urgently needed to
A general assessment of the role of agriculture and forestry in the U.S. carbon markets
USDA| Source | Download |USDA responds to the Consolidated Appropriations Act of 2023 by defining the role of agriculture and forestry in U.S. carbon markets. This analysis identifies key barriers and
Oxford Principles for Net Zero Aligned Carbon Offsetting (revised 2024)
University of Oxford | Source | Download | The Oxford Offsetting Principles (Revised 2024) provide a comprehensive framework to guide governments, cities, and companies in achieving net zero carbon em
2024.05.17
TOP