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Offsets Implementation Cost Containment

Offsets Implementation Cost Containment. C-AGG Workshop October 9, 2013. Existing Cost Containment Options. Small projects, <25,000 mtCO2e, can verify biennially Skip one year of verifications Only credited after verification. Existing Cost Containment Options. Authorized Project Designee

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Offsets Implementation Cost Containment

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  1. Offsets Implementation Cost Containment C-AGG Workshop October 9, 2013 California Air Resources Board

  2. Existing Cost Containment Options • Small projects, <25,000 mtCO2e, can verify biennially • Skip one year of verifications • Only credited after verification California Air Resources Board

  3. Existing Cost Containment Options • Authorized Project Designee • Multiple project operators can contract with a single entity to aid in monitoring, reporting, and verification • Economy of scale • Each project is credited individually and not dependent upon the success of others California Air Resources Board

  4. Existing Cost Containment Options • Cooperative • Forestry • Multiple forest owners can join together to form one project • One report, one verification • All lands credited together and depend on the success of others California Air Resources Board

  5. Additional Cost Containment • Streamlining DNDC • Working to make operation of the DNDC more user-friendly • Contract to develop front and back ends for DNDC • Verification tools • Remote sensing • Others California Air Resources Board

  6. C-AGG Proposal • ARB Accredited Aggregator • Staffing • Minimum levels • ARB accredited staff • Liability insurance • Outstanding questions • How are reports submitted • Frequency of verification • Number/Percent of projects verified annually California Air Resources Board

  7. Considerations for Aggregation • Inconsistent with WCI design document • Inconsistent with transparency requirements • Centralized reporting and verification with heterogeneous baselines • Uncertain implications of an adverse verification California Air Resources Board

  8. General Offset Requirements • Individual project operators are public • Each project location is public • Every individual project’s data is public • Limited to what is required in Offset Project Data Report California Air Resources Board

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