Carbon Credits


Climate change is the greatest environmental policy challenge of the 21st century.

Carbon Trappers and Carbon Credits

Carbon Trappers are a registered  California’s (EPA Air Resource Board) Cap and Trade program offset provider.
In order to qualify for the carbon credits, projects under the forestry protocol must be managed for the purpose of carbon storage for at least 100 years. In addition, the forest management plan will provide wildlife habitat and provide the fullest range of improved watershed benefits.

Any company that has evaluated its carbon production can trade 8% of their carbon compliance obligations with our registered offsets.

Buying Carbon Offsets: What You Need to Know

What are carbon offsets?

Carbon offsets represent reductions in greenhouse gases (GHG) that compensate (or offset) emissions from somewhere else.

Offsets can be bought and sold voluntarily, or as a way for businesses and industries to lower their compliance obligations under cap-and-trade programs.

Voluntary offsets allow individuals and businesses to counteract unavoidable carbon emissions by paying for reductions at projects that avoid or capture GHG emissions somewhere else.

Under a cap-and-trade system, offsets can be used by businesses and industries to help them comply with the program.

The Regional Greenhouse Gas Initiative in the Northeast and California’s cap-and-trade program both certify reliable offsets.

While both voluntary and compliance offsets represent reduced emissions, cap-and-trade programs may have additional requirements or specifications for the types of offsets.

The most important criteria for all offsets are Real, Additional, Verified, Enforceable, and Permanent. (source NRDC http://www.nrdc.org/globalwarming/offsets.asp)

Recent warming of the climate system is now accepted to be “unequivocal” and “very likely” due to the observed increase in atmospheric concentrations of carbon dioxide (CO2) and other greenhouse gases (GHG) (IPCC 2007).
In addition to the need for aggressive action to reduce fossil fuel consumption – the largest contributor to increases in GHGs in the atmosphere – a range of complementary activities can help to mitigate climate change
by reducing emissions or sources of these gases, and/or increasing the sinks that remove these gases from the atmosphere.

 

Afforestation, or the planting of trees on previously non-forested lands, is one means of reducing atmospheric CO2 levels and mitigating climate change.

Trees function as relatively cost-effective biological carbon (C) sinks, removing CO2 from the atmosphere through the process of photosynthesis, and converting this atmospheric form of C into plant biomass.

Carbon sequestration in biomass is one of many benefits of planting trees; others include maintaining ecosystem resilience by protecting ground and surface water quality and quantity, controlling erosion, and creating wildlife habitat, as well as economic and recreational benefits (Freedman and Keith 1998)

(Source Climate Change Research note. http://www.mnr.gov.on.ca/stdprodconsume/groups/lr/@mnr/@climatechange/documents/document/276916.pdf)

(CA.GOV Logo& CA EPA Air Resources Board)

Background Information

On September 27, 2006, Assembly Bill 32 (AB 32), the Global Warming Solutions Act of 2006 was signed into law.  AB 32 established a first-in-the-world comprehensive program of regulatory and market mechanisms to achieve real, quantifiable, and cost-effective reductions of greenhouse gas (GHG) emissions needed to reach 1990 levels by 2020.  AB 32 also authorized the Air Resources Board (Board) to adopt a schedule of fees to be paid by sources of GHG emissions.  These fees are used to fund costs directly related to state agencies’ development, administration, and implementation of AB 32 programs that reduce GHG emissions.

 

ARB adopted the AB 32 Cost of Implementation Fee Regulation (Fee Regulation) following a public hearing on September 25, 2009.  The Fee Regulation became effective on July 17, 2010 and was subsequently amended in 2011 and 2012 to better align with the Mandatory Reporting Regulation and the Cap-and-Trade Regulation.

 

Reporting Requirements

Businesses and facilities subject to the Regulation are required to report, as applicable: gallons of transportation fuels supplied or imported, therms of natural gas delivered to end users from natural gas utilities and intrastate pipelines, therms received from interstate pipelines, megawatt hours delivered to the California transmission and distribution system, and emissions and fuels data.  All entities must report billing address and contact information.  All new and existing data and information reported must be certified to be true, accurate, and complete for the purpose of invoicing under the Fee Regulation. All required data must be reported using the California Electronic Greenhouse Gas Reporting Tool (Cal e-GGRT).

 

For information on how to establish a new Cal e-GGRT account, contact staff at ghgreport@arb.ca.gov and provide your name, the name of the facility or power entity required to report, and the type of emissions and fuels data you will be reporting.

 

 

 

BACKGROUND:

AB 32, the California Global Warming Solutions Act of 2006
(Assembly Bill 32 (AB 32); Nunez, Chapter 488, Statutes of 2006)
is a comprehensive, multi-year program to reduce greenhouse gas
(GHG) emissions in California. ARB has adopted a Scoping Plan
and, together with other State and local agencies, has developed
and implemented numerous regulations and programs, including the
Cap-and-Trade Program to reduce emissions to meet AB 32 goals.

Any expenditure of State proceeds from the Cap-and-Trade auctions
must comply with legislative requirements. State law directs
CalEPA to identify disadvantaged communities for investment of
Cap-and-Trade auction proceeds. Senate Bill (SB) 535 (De León,
Chapter 830, Statute of 2012) requires that 25 percent of the
proceeds be invested in projects that benefit disadvantaged
communities and at least 10 percent be invested in projects
located within those communities. State law also directs ARB to
develop guidance for State agencies on approaches to maximize
benefits to disadvantaged communities.

CalEPA selected CalEnviroScreen as the tool to identify
disadvantaged communities. In April 2014, the Office of
Environmental Health Hazard Assessment released CalEnviroScreen
Draft Version 2.0, http://oehha.ca.gov/ej/ces2.html, which ranks
communities based on numerous indicators that reflect pollution
burdens and population characteristics.