Jones Day | Market Design of Allowances, Offsets, and Renewable Energy Credits in the U.S. Carbon Markets

Jones Day | Market Design of Allowances, Offsets, and Renewable Energy Credits in the U.S. Carbon Markets: "Market Design of Allowances, Offsets, and Renewable Energy Credits in the U.S. Carbon Markets

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United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law

United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law: "United States: California Adopts Cap and Trade Program for Greenhouse Gas Emissions

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GHG_Reporting_in_California_rev2_SH.pdf (application/pdf Object)

GHG_Reporting_in_California_rev2_SH.pdf (application/pdf Object): "- Sent using Google Toolbar"

United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law

United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law: "TRADING AND BANKING OF COMPLIANCE INSTRUMENTS

Market participants may sell or purchase compliance instruments consisting of allowances, offset credits, and sector-based offset credits in the secondary market. Compliance instruments do not expire, which enables covered entities to 'bank' and hold compliance instruments until they are needed and other market participants to hold and sell compliance instruments without any deadlines for sale. Information for each trade, including trade date, settlement date, and price, is required to be reported to the accounts administrator of the program. The program also will prohibit any trading activity of compliance instruments that involves an undisclosed counterparty, manipulative or deceptive devices, fraud, reporting of false or misleading information, misrepresentations, or other efforts to falsify or conceal material facts from the market.

The Dodd-Frank Wall Street Reform and Consumer Protection Act establishes an interagency working group, headed by the Commodity Futures Trading Commission, to conduct a study on the oversight of existing and prospective carbon markets, including oversight of the spot markets and derivative markets. The interagency group is required to submit to Congress a report, no later than January 17, 2011, on the results of the study, including recommendations regarding such oversight. Potential market participants in the California cap and trade program should keep track of these developments.

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United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law

United States, Environment, California Adopts Cap and Trade Program for Greenhouse Gas Emissions - Jones Day - 10/01/2011, Clean Air/Emissions, Environmental Law, Energy & Natural Resources, Energy Law: "'Market Design of Allowances, Offsets, and Renewable Energy Credits in the U.S. Carbon Markets' (available at www.jonesday.com/market_design_of_allowances ).

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Carbon Emissions Trading_0108 (forPDF).pdf (application/pdf Object)

A 2008 overview of the Carbon Markets and the Trading Systems in Place and Under development

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Updated Economic Analysis of the WCI Regional Cap-and-Trade Program

Updated Economic Analysis of the WCI Regional Cap-and-Trade Program: "Updated Economic Analysis of the WCI Regional Cap-and-Trade Program Download
Thank you for downloading Updated Economic Analysis of the WCI Regional Cap-and-Trade Program
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Description:

This report updates the 2008 WCI economic analysis by incorporating new data that reflects expanded WCI membership (the inclusion of Manitoba, Québec, and Ontario), the 2008-2009 economic recession, and various economic model improvements identified after extensive consultation with stakeholders.

The updated economic analysis evaluated a range of scenarios using varying assumptions about future economic growth, fuel prices and other factors. In each instance, the analysis showed that the WCI program would support robust economic growth and deliver net cost savings-even when the assumptions resulted in different carbon allowance prices.
File Size:
1,610.27 Kb
File Date:
Jul 07 2010

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2010 Batch Verification « The Climate Registry

2010 Batch Verification « The Climate Registry: "- Sent using Google Toolbar"

The is not CARB emissions but is GHG emissions reporting for the voluntary market registry.

Greenhouse Gas Emissions Verification Info

Background

On December 6, 2007, pursuant to the California Global Warming Solutions Act of 2006, the Air Resources Board (ARB) approved the Mandatory Reporting of Greenhouse Gas Emissions regulation. The regulation requires the mandatory reporting and verification of greenhouse gas (GHG) emissions. Facilities subject to mandatory reporting are required to have their greenhouse gas emissions verified beginning in 2010, for their 2009 reported emissions.  Facilities will be subject to either annual or triennial verification. Only the following ARB accredited verification bodies and verifiers may provide verification services for the purposes of mandatory greenhouse gas emissions reporting.

List of Accredited Verification Bodies
List of Accredited Verifiers

Revisions to the Regulation for Mandatory Reporting of GHG Emissions
The proposed revised regulation and staff report are available now, including supporting documentation.  ARB staff is proposing revisions to the California GHG reporting regulation to support a greenhouse gas cap-and-trade program and to harmonize with the U.S. EPA greenhouse gas reporting requirements.  The revisions will be considered by the Board on December 16, 2010.  Details about the meeting and for submitting comments are available at the regulatory website for this item.

Greenhouse Gas Reporting Advisory 10-01
Two-Month Grace Period for Operators Subject to October 1, 2010 Verification Deadline

Information for Accredited Verifiers:

Questions regarding ARB accreditation and verification should be sent to ghgverify@arb.ca.gov.  Accredited verifiers will receive a notice when guidance documents or other information are updated.

Verification Body Application
Conflict of Interest / Notice of Verification Services (COI/NOVS) Form
Verification Opinion Form
Frequently Asked Questions regarding ARB Verification (3/2010)
Proposed Cap and Trade Regulation and Website and Fact Sheet

Information for Emissions Data Reporters Subject to the Mandatory Reporting Regulation:

Verification Fact Sheet

On January 27, 2010, ARB staff conducted a webinar on 2010 GHG emissions reporting and verification under the GHG Mandatory Reporting Program.
Notice | Agenda | Presentations: Reporting (color) (b&w 4/page) and Verification (color) ((b&w 4/page) | Webinar Recording (Reporting  Low / High Resolution | Verification Low / High Resolution )
________________________

On September 10, 2009, ARB staff conducted a webinar on certification and verification of GHG emissions reports under the Mandatory Reporting Program.
Agenda (PDF)  |  Slides (color)  |  Slides (b&w)  |  Webinar Recording (certification) and (verification)

Please sign up for our listserve to receive updated program information.

If you require a special accommodation or need this information in an alternate format or language, please contact ghgverify@arb.ca.gov or call 916-322-6349.  TTY/TDD/Speech to Speech users may dial 711 for the California Relay Service.

For questions regarding ARB's verifier accreditation or greenhouse gas verification process, please contact: Rajinder Sahota, Manager, Climate Change Verification and Protocols Section, Phone: 916.323.8503.

Mandatory Greenhouse Gas Emissions Reporting

Background.    Reporting of greenhouse gases by major sources is required by the California Global Warming Solutions Act.  The Air Resources Board approved a mandatory reporting regulation in December 2007, which became effective January 2009.

GHG Reporting - What's New

Revisions to the Regulation for Mandatory Reporting of GHG Emissions
The proposed revised regulation and staff report are available now, including supporting documentation.  ARB staff is proposing revisions to the California GHG reporting regulation to support a greenhouse gas cap-and-trade program and to harmonize with the U.S. EPA greenhouse gas reporting requirements.  The revisions will be considered by the Board on December 16, 2010.  Details about the meeting and for submitting comments are available at the regulatory website for this item.

WCI Default Emission Factor Calculators have been posted on the Western Climate Initiative website, in support of the revisions to the regulation for mandatory reporting of GHG emissions for electric power entities.

Greenhouse Gas Reporting Advisory 10-01
Two-Month Verification Grace Period for Operators Subject to October 1, 2010 Verification Deadline

Reporting Frequently Asked Questions - Includes questions asked during the first year of GHG reporting, and answers by ARB staff.  Additional questions may be submitted to ghgreport@arb.ca.gov.

Reported Emissions and other data reported for 2008 under the mandatory GHG reporting program are available.

Verification Fact Sheet - Information for reporters about hiring a verifier, conflict of interest, and the verification process.
Finding a Verifier.   A list of accredited verifiers is now available. Reporters must contract with an ARB-accredited verification body in 2010 for verification of their 2009 emissions reports.  Remember that verifiers cannot act as consultants as you prepare your emissions report, but must provide an independent review after your report is certified and submitted.  A Verification Fact Sheet is available to assist with the verification process.

Regulation Revision Workshop - March 23, 2010
Agenda and Workshop Notice.  Presentations:  Purpose, General Provisions, Verification;  Combustion and Industrial Sectors (Cement, Refineries, Hydrogen, Oil & Gas, Electricity Generation, Cogen);  Electricity Deliverers (Retail Providers & Marketers);  Fuel Suppliers

Workshop to discuss GHG Reporting Regulation revisions being considered to align California greenhouse gas reporting requirements with the federal greenhouse gas reporting requirements adopted by the U.S. Environmental Protection Agency (U.S. EPA), and to support a proposed California greenhouse gas Cap-and-Trade Program.  Revisions would apply to 2012 greenhouse gas reporting.

Reporting Workshop - October 12, 2010.   Depending on the specific industrial sector, 2011 emissions reports from facilities were due on either April 1, 2011 or June 1, 2011.  Reports from power retail providers and marketers were due June 1, 2011.  Below are training materials from a 1/27/2010 webinar on GHG emissions reporting and verification.
Notice | Agenda | Presentations: Reporting (color) (b&w 4/page) and Verification (color) (b&w 4/page) | Webinar Recording (Reporting  Low / High Resolution | Verification Low / High Resolution )

GHG Reporting Tool Training Videos.   Video recordings of how to use the GHG reporting tool for each reporting sector are available. Reporting Help.   Reporters subject to mandatory GHG emissions reporting provide their data using the ARB's online Reporting Tool. See the Reporting Tool step-by-step guides and regulation Instructional Guidance documents for help with GHG emissions reporting. Contact us with questions about reporting or using the tool. For reference, the final regulation text and Final Statement of Reasons (FSOR) are available on ARB's regulatory website.
Report Certification and Verification Slides and Video.   During September 2009, ARB staff conducted a webinar on certification and verification of GHG emissions reports under the Mandatory Reporting Program. The slides and recording of the webinar are available at the following links. Agenda  Slides (1/page)  Slides (6/page)  Webinar Recording (certification) and (verification)