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arbcombo -- Availability of ARB’s Guidance on Offset Project Regulatory Conformance and Offset Invalidation
Posted: 12 Feb 2015 16:21:34
The Air Resources Board (ARB) will release Compliance Offset Credit Regulatory Conformance and Invalidation Guidance on the ARB website at 12:00 pm (noon) Pacific Time Friday, February 13th. The guidance will be made publicly available here: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm Background The compliance offset program serves as an important cost containment feature of the Cap-and-Trade Program. The Cap-and-Trade Regulation (Regulation) requires projects to be in regulatory conformance prior to the issuance of compliance offset credits. And, the Regulation allows ARB to investigate and invalidate any issued compliance offset credits that were generated if the offset project activity and implementation of the offset project was not in accordance with local, state, or national environmental and health and safety regulations during the reporting period for which the ARB offset credit was issued. The guidance document provides additional clarity on the role of verifiers reviewing projects for regulatory conformance and additional clarity on the scope of project activities that would be included in any potential invalidation investigation. ARB will also provide further offset protocol-specific clarifications as part of its existing process to update and publicly post FAQs for the offset program. 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, ghg-rep, ghg-ver.