BREAKING: First compliance offset credits issued

September 24, 2013 by CaliforniaCarbon.info

(Source: ACR Press Release)

‘Today, ARB issued over 600,000 ARBOCs to five ozone depleting substance (ODS) destruction projects, including one developed using ARB’s compliance offset protocol and four developed under the approved early action protocol. The largest single offset credit issuance was for more than 300,000 credits to Environmental Credit Corp. (ECC) for a compliance offset project listed on ACR. Last month ACR issued the first Registry Offset Credits (ROCs) of the California compliance offset program to ECC for this project, which are now the first ROCs to be converted to ARBOCs.

“The first compliance offset issuance marks a major milestone for the California program,” said Belinda Morris, ACR California director. “ARB has now set the stage for a steady flow of additional early action and compliance offset projects to be approved for ARBOC issuance this year.”

Beginning in October, ARB will regularly issue compliance offsets on the second and fourth business Wednesdays of each month. Information on the projects and issuance volumes will be posted on ARB’s Offset Credit Issuance webpage.’

To see the full californiacarbon.info report and analysis, click here.