The California Air Resources Board (ARB) plans to meet on December 16 and 17 to approve proposed carbon trading regulations under AB 32, the State’s ambitious greenhouse gas emissions reduction program.
As a consistent and active stakeholder throughout the rulemaking process, Evolution Markets has provided input to California regulators on market design and offsets policy. Today, we submitted formal, written comments on the proposed AB 32 rules.
In general, we are advocating for changes to the proposed rules to ensure a steady early supply of high-quality offsets and establish a process for streamlining the transition of offset projects from Early Action status to ARB-issued credits. We also offer comments on technical issues such as trade reporting.
These comments are, in part, designed to supplement comments submitted last week by the International Emissions Trading Association (IETA). Evolution Markets fully supports IETA’s comments, and appreciates their efforts in advocating for an effective carbon trading program in California.
If you have any questions regarding our comments to ARB, implementation of the AB 32 program, or transacting in the emerging California carbon market, please contact our U.S. Carbon Markets team at either ghg@evomarkets.com or +1 415.963.9137/+1 914.323.0265.
The California Air Resources Board (ARB) plans to meet on December 16 and 17 to approve proposed carbon trading regulations under AB 32, the State’s ambitious greenhouse gas emissions reduction program.
As a consistent and active stakeholder throughout the rulemaking process, Evolution Markets has provided input to California regulators on market design and offsets policy. Today, we submitted formal, written comments on the proposed AB 32 rules.
In general, we are advocating for changes to the proposed rules to ensure a steady early supply of high-quality offsets and establish a process for streamlining the transition of offset projects from Early Action status to ARB-issued credits. We also offer comments on technical issues such as trade reporting.
These comments are, in part, designed to supplement comments submitted last week by the International Emissions Trading Association (IETA). Evolution Markets fully supports IETA’s comments, and appreciates their efforts in advocating for an effective carbon trading program in California.
If you have any questions regarding our comments to ARB, implementation of the AB 32 program, or transacting in the emerging California carbon market, please contact our U.S. Carbon Markets team at either ghg@evomarkets.com or +1 415.963.9137/+1 914.323.0265.