Press Releases

California issues first forest offset credits under compliance protocol, sealing legal commitment to long-term forest protection

Wednesday, April 9, 2014

Climate Action Reserve supports credit issuance and natural forest management

LOS ANGELES, CA – The Climate Action Reserve, an environmental nonprofit organization and North America’s premier carbon offset registry, is pleased to support the issuance of the first forest offset credits under a compliance protocol from California’s cap-and-trade program.  Today the California Air Resources Board (ARB) issued 836,619 compliance offset credits to the Yurok Tribe/Forest Carbon Partners CKGG Improved Forest Management Project, which covers about 8,000 acres of Douglas-fir and mixed hardwood on tribal land near the Klamath River in Northern California.  The project was registered with the Climate Action Reserve and developed in compliance with California’s Compliance Offset Protocol – U.S. Forest Projects, which is based on the Reserve’s Forest Project Protocol.

The credit issuance marks a significant milestone in the development of California’s cap-and-trade program and the state’s goal of protecting forests and promoting long-term environmentally sensitive forest management to help mitigate climate change.  Forest projects that qualify under the cap-and-trade program must maintain or increase carbon in live trees for more than 100 years, a requirement that was originally established in the Reserve’s Forest Project Protocol.

“Twenty percent of the world’s GHG emissions come from deforestation.  The acceptance of this project into California’s carbon market will encourage other public and private owners of forest lands to develop offset projects.  The issuance of these forest offset credits signifies a legal commitment to long-term forest protection and demonstrates the effectiveness and benefit of market mechanisms to encourage environmental action.  Forest carbon offset projects will continue to play an important role in our carbon market.  Congratulations to the Yurok Tribe, the State of California and the many organizations that worked so hard to make this a reality,” said Linda Adams, former Secretary of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors.  “I had the honor of working intimately on protecting California’s forests on both the state and nonprofit sides and am thrilled to see the issuance of the first forest offset credits under a compliance protocol for the state’s cap-and-trade program.”

In addition to guaranteeing long-term forest protection and natural forest management, the Yurok Tribe/Forest Carbon Partners CKGG Improved Forest Management Project provides significant revenue for the Yurok Tribe and will help enable the continued management of the Tribe’s ancestral homeland.  Among other benefits, it will improve forest habitat diversity and provide benefits to salmon and steelhead populations by improving riparian habitat and water quality.

“We have lost many of our old trees to deforestation, and numerous native plant and animal species, especially deer and elk, are struggling because of it,” said Thomas P. O’Rourke, Sr., Chairman of the Yurok Tribe. “This forest carbon project enables the Tribe to help transition these acres back into a tribally managed natural forest system where wildlife and cultural resources like tanoak acorns, huckleberry, and hundreds of medicinal plants will thrive.”

Climate Action Reserve Honors the 2014 Mary D. Nichols Climate Action Champion Award Recipients

Friday, March 28, 2014

Prestigious annual award recognizes outstanding efforts to advance climate solutions

SAN FRANCISCO, CA  – The Climate Action Reserve, an environmental nonprofit organization and North America’s premier carbon offset registry, announced the recipients of the 2014 Mary D. Nichols Climate Action Champion Awards during the Navigating the American Carbon World conference. The awards are presented annually in recognition of outstanding leadership and deep commitment to the reduction of greenhouse gas emissions. For their efforts in the “fight” against climate change, the Reserve awards these exemplary recipients with a special championship belt. The awards are named in honor of Mary Nichols, Chair of the California Air Resources Board and Founding Chair of the California Climate Action Registry – the predecessor and legacy program of the Climate Action Reserve.

“The Mary D. Nichols Climate Action Champion Awards recognize those who have made significant and lasting contributions to address climate change. We are honored to present the awards to two individuals who have worked tirelessly to develop and implement smart, innovative and effective climate change solutions.  Throughout her extraordinary career, Wendy James has been a pioneer in environmental initiatives – working to bring groups together, influence the development of environmental regulations and stand as a strong advocate for high environmental standards.  Québec is truly a global leader in environmental initiatives and has standards even more stringent than those in California.  Jean-Yves Benoit was instrumental and tireless in the development of Québec’s program, its linkage to California and its involvement with the Western Climate Initiative,” said Gary Gero, President of the Climate Action Reserve.

The 2014 champions are:

Wendy James, CEO, The Better World Group – Wendy James is CEO and founder of The Better World Group, a recognized leader in political and environmental strategy, regulatory policy development and advocacy, communications planning and execution, and coalition building and management. With 30 years of expertise in media, government, corporate and nonprofit sectors, Ms. James works with environmental groups, government organizations and progressive businesses to develop unique strategies and solutions for air quality, climate change, advanced transportation, clean energy technologies, livable communities and other leading environmental policy issues.

“It’s a particular honor to be recognized by this organization that I helped to nurture from its earliest days and to receive an award named after Mary Nichols, someone I consider a friend and mentor and whom I’ve respected for decades,” said Ms. James.

Jean-Yves Benoit, Director, Carbon Market Division, Ministry of Environment, Québec – As the Director of the Carbon Market Division for Québec’s Ministry of Environment, Mr. Jean-Yves Benoit is leading the team that is responsible for both the development and implementation of Québec’s cap and trade system and its linkage with California’s program. He represents the government of Québec at the Western Climate Initiative (WCI) and is a member of the WCI Board of Directors, a non-profit organization created to support the implementation of WCI’s Regional Cap-and-Trade Program.

“I am honored to accept this award in recognition of Québec’s leadership in tackling climate change. Global warming is a worldwide issue that requires international collaboration and local action. We sincerely hope that our climate initiatives and those of our partners like California will inspire other North American governments to join in our efforts,” said Mr. Benoit.

Top Developers of Carbon Offset Projects Honored by the Climate Action Reserve

Thursday, March 27, 2014

SAN FRANCISCO, CA  – The Climate Action Reserve, an environmental nonprofit organization and North America’s premier carbon offset registry, presented the inaugural Project Developer Awards to carbon offset project developers that achieved the most emissions reductions, registered the most carbon offset projects, and demonstrated outstanding leadership and innovation in its work during the past year. The awards recognize organizations for their leadership in advancing climate solutions, in strengthening carbon markets, and in achieving emissions reductions that are real, additional and permanent.

“All of the project developers that we are recognizing here today have contributed to the growth, strength and stability of both the voluntary and compliance carbon markets,” said Gary Gero, President of the Reserve. “A great deal of education, commitment, and resources are necessary to develop and implement successful carbon offset projects that adhere to our regulatory-quality standards and earn high quality offsets. We are honored to recognize the organizations that have made the largest and most innovative contributions to the carbon market in 2013. Their efforts have led to significant emissions reductions to benefit our climate.”

The 2014 Project Developer Award recipients are:

The Yurok Tribe, in recognition of generating the most Climate Reserve Tonnes and Registry Offset Credits in 2013 with 1,245,840 credits issued. The Yurok Tribe Sustainable Forest Project is a 21,240.5-acre improved forest management project in Northwest Humboldt County, California. The Tribe is implementing a lighter touch harvest strategy that will maintain a continuous tree canopy and preserve and enhance the ecological and cultural value of the property. The property has cultural importance to the Yurok Tribe, as it sits within the Yurok Ancestral Territory.  Currently, the largest Tribe in California with more than 5,000 enrolled members, the Yurok Tribe’s major initiatives include: the Hoopa-Yurok Settlement Act, dam removal, natural resources protection, sustainable economic development enterprises and land acquisition.

“Setting aside these lands for carbon production has made it possible for the Tribe to invest more heavily in watershed restoration projects, focused on increasing biodiversity and improving water quality in the creeks where our sacred salmon spawn,” said Yurok Tribe Chairman, Thomas P. O’Rourke Sr. “We are bringing these forests back into balance, so that fish, wildlife and plants will thrive. We appreciate the recognition from the Climate Action Reserve for our work.”

Camco International Group, in recognition of registering the most projects in 2013 with 12 unique projects registered. In 2013, Camco registered 11 livestock projects and one landfill project with the Reserve. With more than 20 years of successful project delivery experience, Camco works to develop, construct and operate clean energy and emission reduction projects that contribute to a sustainable future. Camco collaborates with industries, equipment providers and investor groups to create emissions-to-energy projects and maximize sustainable energy production across a range of sectors – biogas, renewable energy, energy efficiency and land use.

“Camco is delighted to receive the first Project Developer of the Year award from the Climate Action Reserve. Since listing our first project in 2008 we now manage 21 projects on the Reserve generating consistent volumes of CRTs on an annual basis. Our ability to list, register and manage a large number of projects demonstrates the hard work, expertise and focus of our team in North America. We look forward to continuing to work with the Reserve to expand and optimize our portfolio, particularly in its role as an Offsets Project Registry under California’s cap-and-trade program,” said Charles Purshouse, Vice President – Renewables & Environmental Markets, Camco Clean Energy.

Zanker Road Resource Management, in recognition of outstanding leadership and innovation in its work. Last September, Zanker Road Resource Management registered its Z-Best Food Waste Composting organic waste composting (OWC) project with the Reserve. Located near Gilroy, California, the project aerobically composts food and food soiled paper waste, thus preventing methane emissions that would normally be released from a landfill. The processed compost is sold to landscapers and farmers as a soil amendment. To date the project reduced 42,649 metric tons of carbon dioxide equivalent emissions. In addition to its composting facility, Zanker operates three recycling facilities. Through its aggressive recycling and composting efforts, Zanker diverts more than 80 percent of waste they receive from landfilling.

“We are thrilled at receiving the Project of The Year award for our innovative efforts to reduce greenhouse gas emissions and reduce the impacts of climate change,” said Richard Cristina, President of Zanker.

Mexico Environment Undersecretary joins Climate Action Reserve Board of Directors

Thursday, January 30, 2014

Undersecretary for Environmental Policy and Planning Rodolfo Lacy Tamayo strengthens the Reserve’s commitment to advancing environmental initiatives in Mexico

SACRAMENTO, CA – Rodolfo Lacy Tamayo, Mexican Undersecretary for Environmental Policy and Planning, has been elected to the Climate Action Reserve Board of Directors.  He takes the seat previously held by Dr. Francisco Barnes, former President of Mexico’s National Institute of Ecology.  The addition of an executive from Mexico’s Secretariat of Environment and Natural Resources further strengthens the Reserve’s collaboration with the Mexican federal government on environmental activities and commitment to advancing cross-border initiatives.

“We have been very honored and appreciative to have a long-standing presence from the Mexican government on our Board of Directors.  And, now we are extremely fortunate to have the involvement of Undersecretary Lacy.  He has achieved a long list of environmental accomplishments in Mexico and Mexico City, and his guidance will be invaluable to the Reserve’s ongoing work in Mexico and in cross-border initiatives between Mexico and California,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Founding Partner of Clean Tech Advocates.

Undersecretary Lacy was appointed to his current position in December 2012.  Prior to that, he served as the Program and Projects Coordinator in the Mario Molina Centre for eight years and as the Chief of Staff for the Minster of Environment and Natural Resources of the federal government.  During his career, Undersecretary Lacy developed several pioneering environmental programs and systems on national and city levels.  While serving as the Executive Director for Strategic Projects for the Environmental Engineers Association of Mexico, he coordinated a team of international experts to develop the new Mexican regulation for air quality monitoring systems and led the pilot project “Environmental Management System” for the most important airports in northern Mexico.  As the Director of Environmental Studies for Mexico City, he was responsible for the first comprehensive Air Pollution Program in the Metropolitan Area of Mexico City, and he structured and edited the first National Ecological Program and the first State of the Environment Report for Mexico while serving as the Director of Environmental Planning for the Ministry of Ecology and Urban Development.

“I have followed the Climate Action Reserve’s forestry and livestock work in Mexico and been impressed by the organization’s standards, ability to convene stakeholders and commitment to quality. I am pleased to join the organization’s Board of Directors and be a part of this ongoing work and ventures into new areas,” said Undersecretary Lacy.

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.

New approach to international forestry offset projects is introduced to the global market with adoption of Climate Action Reserve protocol

Wednesday, October 23, 2013

Board of Directors adopts Mexico Forest Protocol  

SACRAMENTO, CA – Marking a milestone for the Climate Action Reserve – North America’s most trusted, experienced and knowledgeable carbon offset registry – and REDD+ initiatives, the Reserve Board of Directors today adopted the organization’s Mexico Forest Protocol.  The protocol, which is the product of several years of collaboration, represents a new approach to international forestry offset projects.  It was developed with an unprecedented level of involvement from ejidos (local communities), and as a result, reflects a high level of social and environmental safeguards.  Another differentiating characteristic of the protocol is that it was developed with an emphasis on how it would be implemented in practice and how it would be viewed by policymakers in Mexico and California.

“The work of the Climate Action Reserve to support clean technologies and better forest management is precisely what we need to spur innovation in Mexico. This protocol will not only be of benefit there, but will support California’s ongoing efforts to reduce greenhouse gas emissions, while expanding business opportunities and job creation” said Senator Lou Correa (D-Santa Ana), who also chairs the Select Committee on California-Mexico Cooperation.

“The Climate Action Reserve’s work in developing rigorous forestry standards has garnered attention beyond U.S. borders, and the Mexico Forest Protocol is an excellent way to introduce this type of performance standard to international forests.  It’s very characteristic of the Reserve’s work – collaborating closely with government agencies, environmental groups and the business community to develop a standard that protects forests and can be put to use in real world situations,” said Stephan Schwartzman, Director of Tropical Forest Policy at the Environmental Defense Fund.

The Mexico Forest Protocol provides a standardized approach for quantifying, monitoring and verifying greenhouse gas (GHG) benefits of forest carbon enhancement activities in Mexico.  It can be integrated into larger initiatives to address forestry and climate change under evolving Mexico REDD+ policies, such as jurisdictional REDD+ programs.  The protocol also creates a clear delineation between avoided deforestation, which will be credited under jurisdictional accounting rules, and enhanced carbon sequestration, which may be credited at the project level.

Like all other Reserve protocols, the Mexico Forest Protocol was developed through collaboration among a dedicated group of diverse stakeholders.  Unlike all other Reserve protocols, the Mexico Forest Protocol will not be open for project submissions immediately after its adoption.  Instead, the Reserve is actively engaged in the development of three pilot projects, which will allow the organization to learn from hands-on application of the protocol so that it may be improved and refined before being opened to the public more broadly.  The pilot projects are being developed with national and local NGOs in Mexico and are following the advice and guidance of CONAFOR (the Mexican National Forestry Commission) and CONABIO (the Mexican National Commission for Knowledge and Use of Biodiversity).  One pilot project is located in the state of Mexico and two pilot projects are located in the state of Oaxaca.

“We are proud that our protocol for forestry projects in Mexico is the result of dedicated collaboration by a group of truly engaged stakeholders from forest communities, nonprofits, and state and federal government agencies. This protocol is unique in that it reflects the opinions and values from these diverse stakeholders and that it takes special care to address issues specific to Mexico forests. We strongly believe that this will establish a strong foundation for creating forest offset credits with true environmental integrity that can be used in a multitude of markets,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Founding Partner of Clean Tech Advocates.

The Climate Action Reserve continues driving California offset activity with issuance of Registry Offset Credits

Thursday, September 19, 2013

Issuance of credits under California’s cap-and-trade compliance protocols continues wave of activity on the heels of announcement of first ARBOCs

LOS ANGELES, CA  – Continuing to drive activity under California’s cap-and-trade program, the Climate Action Reserve, North America’s most trusted, experienced and knowledgeable carbon offset registry, issued Registry Offset Credits (ROCs) under one of the program’s compliance offset protocols.  The issuance comes immediately after the California Air Resources Board (ARB) announced it is in the final stages of issuing the first ARB Offset Credits (ARBOCs).

“We have known the foundation of the compliance offsets program is solid, but this flurry of activity with offset credit issuance will breathe new excitement into the market.  The issuance of these ROCs gives confidence in the continued momentum of the program.  And, since these credits were issued by the Climate Action Reserve, their quality and integrity are well respected,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Founding Partner of Clean Tech Advocates.

The ROCs were issued to an ozone depleting substance (ODS) project from EOS Climate.  Through the project (EOS ARB ODS 2013-1), EOS Climate destroyed pure ODS refrigerant at the Clean Harbors Environmental Services hazardous waste combustor in El Dorado, Arkansas.  This ODS was completely obtained from sources in the U.S.  Because of the project, 107,542 metric tons of CO2 equivalent were prevented from being emitted into the atmosphere.  According to the U.S. EPA, this is similar to removing 22,405 passenger vehicles from the roads for a year.

“EOS Climate is very proud to be the offset project operator for this milestone project in California’s cap and trade program,” said Matt Jones, CEO of EOS Climate. “EOS, together with our operating partners, created a project management system for ODS refrigerant destruction projects that sets the industry standard for transparency, rigor, and environmental impact.”

ROCs are eligible to be transitioned by ARB into ARBOCs, which can be used to meet compliance obligations under the cap-and-trade program.  ROCs are issued under the compliance offset protocols adopted by ARB under the cap-and-trade program.  On September 17, the Reserve announced three early action offset projects registered with it were in the final stages of being issued ARBOCs.  Early action projects are issued Early Action Offset Credits (EAOCs) under ARB-approved voluntary offset protocols, which currently are all Reserve protocols, and the EAOCs are eligible to be transitioned by ARB into ARBOCs.

California uses cap-and-trade program to reward early action in reducing GHG emissions

Tuesday, September 17, 2013

State to issue first compliance offset credits for early action projects registered with the Climate Action Reserve

SACRAMENTO, CA  – Three offset projects that reduced the amount of ozone depleting substances (ODS) leaking into the atmosphere are in the final stage of being issued compliance offset credits under California’s cap-and-trade program.  These projects, which were all registered with the Climate Action Reserve, represent early actions to reduce greenhouse gas (GHG) emissions, and the credits, which will be issued by the California Air Resources Board (ARB), represent recognition and reward for these voluntary actions to protect our environment.

“When we were developing California’s AB 32, we had hoped companies would get a head start on reducing emissions through early action initiatives like these ODS offset projects.  The state has a history of encouraging innovative work like this, and it’s very gratifying to see these projects officially becoming part of the cap-and-trade program.  It’s also very fitting that these projects came from the Climate Action Reserve, which has played a strong supportive role of AB 32 from the very beginning,” said Linda Adams, former Secretary for Environmental Protection of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors.  AB 32, also known as the Global Warming Solutions Act, is California’s landmark climate change and clean energy law under which the state’s cap-and-trade program was created.

The three ODS projects are expected to be issued a cumulative total of over 300,000 compliance offset credits, known as ARB Offset Credits (ARBOCs).  This means that, together, the projects reduced the equivalent of CO2 emissions from the consumption of 34,204,596 gallons of gasoline.  The credits are compliance units and can be used in the state’s cap-and-trade program to meet compliance obligations.  According to the cap-and-trade regulation, companies may use offsets to meet up to eight percent of their compliance obligations.

“Diversified Pure Chem, a leader in responsible refrigerant reclamation welcomes the conversion of EAOCs to ARBOCs.  We applaud the California Air Resources Board in implementing the next phase of the Carbon Offset Program.  Our company believes that the Carbon Offset Program is an important part of California’s overall emphasis on improving the environment,” said Bill Auriemma, President & CEO.  Diversified Pure Chem has one project, CAR981, that will receive ARBOCs in this first batch.

The early action projects are especially significant because they represent emissions reductions that voluntarily occurred as a result of the adoption of AB 32.  The compliance offset credits also will provide market confidence in the future supply of credits.  Recently, the Reserve projected that in November 2016 the total number of qualifying offsets issued under the current ARB approved offset protocols plus two currently being considered by ARB – coal mine methane and rice cultivation – would near 60 million.

“The offsets program is a critical element of the cap-and-trade program because it allows regulated companies to keep the costs of compliance manageable without comprising positive impact on the environment.  The Reserve is well known for its experience and knowledge and we are very confident in the quality level of credits we register.  I think the market shares this confidence,” said Gary Gero, President of the Climate Action Reserve, North America’s most trusted, knowledgeable and experienced carbon offset registry.

California Agency Secretary and Government Relations Exec Join Climate Action Reserve Board of Directors

Wednesday, May 29, 2013

Natural Resources Secretary John Laird and Marnie Funk add more depth, experience to a diverse group of Board members

LOS ANGELES, CA  – The Climate Action Reserve Board of Directors elected two new members who strengthen the organization’s ties to the State of California and together add new perspectives and depth to the Board.  The new members join at an exciting time as the Board advises on the organization’s strategic direction and operations while it serves California’s cap-and-trade program and looks to support other regulatory programs.  John Laird, Secretary for the California Natural Resources Agency, brings a wealth of experience in and commitment to environmental conservation and public service.  And, Marnie Funk, Senior Government Relations Advisor at Shell, brings a strong background in government relations and communications where she has worked on supporting Federal climate change legislation.

“We are extremely honored to have Secretary Laird and Ms. Funk join the Climate Action Reserve Board of Directors.  Both have accomplished careers and will bring unique insight and perspectives to the Reserve.  Their contributions will be valuable in helping chart our future growth and development,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Founding Partner of Clean Tech Advocates.  “These two individuals further demonstrate the balance of corporate, environmental, academic and government perspectives that is a cornerstone of the Reserve’s Board and which is truly unique.”

Secretary Laird was appointed to his position by Governor Jerry Brown on January 5, 2011.  As Secretary, he oversees the California Natural Resources Agency’s work to restore, protect and manage the state’s natural, historical and cultural resources.  Secretary Laird has served the public for 35 years of his career, including serving the maximum three terms in the California State Assembly.  During his terms as an Assembly member, he authored 82 bills that were signed into law, including the bills that established the landmark Sierra Nevada Conservancy and significantly expanded water conservation

“The Climate Action Reserve has deep roots in California, and while I have interacted with it over the past several years, I have consistently been impressed with its work to protect our environment and its commitment to offset integrity. I am pleased to join its Board of Directors and be a part of its ongoing mission,” said Secretary Laird.

Ms. Funk has been a leader in Shell’s public presence and government affairs since she joined the corporation in 2007 as Vice President of Communications.  Currently, she serves as Senior Government Relations Advisor and Director of CO2 Advocacy.  Prior to joining Shell, Ms. Funk managed communications for the Senate Energy & Natural Resources Committee and the House Resources Committee.

“I am honored to join such a stellar Board. I have been impressed by the Board members’ individual reputations and the Board’s collective reputation for ingenuity, leadership and vision. I am pleased to join the effort, under Gary’s inspired leadership, to navigate the next steps for the Reserve,” said Ms. Funk.

Buyer liability insurance now available for California’s cap-and-trade offset program

Wednesday, May 22, 2013

In a unique alliance, Parhelion offers insurance on compliance offset credits that originate from the Climate Action Reserve

LOS ANGELES, CA and LONDON – The Climate Action Reserve, North America’s premier carbon offset registry, and Parhelion Underwriting Ltd., the leading innovator for carbon market insurance products, today announced a unique, strategic alliance to support the delivery of the first insurance product for compliance offset credits in California’s Cap-and-Trade Program.  Under this alliance, Parhelion is offering insurance against invalidation for compliance offset credits that were transitioned from credits originally issued by the Reserve and the Climate Action Reserve will share its unrivalled experience and deep insight in to North American carbon offset projects, thereby, supporting the wider market development and helping its clients solve a critical risk issue.

“Invalidation of offset credits has been a concern for the market, especially for compliance buyers.  While the Reserve has a well-established reputation for its knowledge and experience in reviewing offset projects and ensuring that offsets have real environmental integrity, we are always looking for ways to further protect our account holders and market participants.  So, we are very excited to enter this agreement with Parhelion and be a part of this pioneering initiative,” said Gary Gero, President of the Climate Action Reserve.

The insurance product, Parhelion California ARB Offset Credit Invalidation Insurance, covers ARB Offset Credits (ARBOCs) that were transitioned from Reserve-issued Registry Offset Credits (ROCs) or Early Action Offset Credits (EAOCs).  The insurance underwrites the risk of invalidation of ARBOCs, removing the financial risk associated with this from the holder of the offsets.  This private insurance of the most trusted offset credits provides the assurance and security being sought by the market.

“We saw a definite need in the market for insurance covering offsets in California’s cap-and-trade program.  Not wanting to commit to a risky move ourselves, we conducted exhaustive research into the offsets program and found the Reserve has an outstanding history of thoroughly analyzing projects and issuing only high quality offset credits.  We are delighted to be benefiting from the Climate Action Reserve’s extensive experience and knowledge. It will give us the opportunity to provide their clients with even greater confidence in the offset created,” said Julian Richardson, CEO of Parhelion Underwriting Ltd.

The offsets program of California’s cap-and-trade market represents a key means for regulated companies to keep their costs of compliance manageable, which means extra costs are not passed on to consumers.  It also provides a way to incentivize non-regulated industries to reduce their emissions.  Parhelion’s offset credit insurance provides additional confidence for buyers and sellers to participate in this program.

“We designed the cap-and-trade program to ensure the integrity of the emission reductions and had hoped and expected that the private insurance market would provide a solution to backstop our right to invalidate improper offsets,” said Mary Nichols, Chairman of the California Air Resources Board (ARB). “We are very happy to see that such a product is now available and congratulate Parhelion and the Climate Action Reserve for their fine work.”

Climate Action Reserve Honors 2013 Climate Action Champion Award Recipients

Thursday, April 18, 2013

Mary D. Nichols Climate Action Champions

Prestigious annual award recognizes outstanding effort in the fight against climate change<

SAN FRANCISCO, CA  – the Climate Action Reserve, an environmental nonprofit organization and North America’s premier carbon offset registry, is pleased to honor the esteemed recipients of the inaugural Mary D. Nichols Climate Action Champion Awards.  The recipients all exemplify leadership and deep commitment to the reduction of greenhouse gas emissions.  The awards carry on the tradition and trademark boxing belt of the Climate Action Champion Awards but have now been named in honor of Mary Nichols, Chair of the California Air Resources Board, and Founding Chair of the California Climate Action Registry – the predecessor of the Climate Action Reserve.

In announcing the awards, Gary Gero, president of the Climate Action Reserve, said “We are fortunate to work with many individuals and companies that have made tremendous contributions in addressing climate change, so the recipients of the Mary D. Nichols Climate Action Champion Award are held to very high standards.  Each year we are very selective when choosing the recipients, and this year we are honored to give the award to two individuals and two organizations that have truly made significant and lasting contributions in protecting our environment.”  The 2013 champions are:

Christiana Figueres, Executive Secretary, UNFCCC, has truly had a global impact in implementing activities and bringing together different parties to address climate change.  She was appointed Executive Secretary on May 17, 2010 and brought with her an outstanding resume of work in environmental protection.  Ms. Figueres had been involved in climate change negotiations since 1995, having served as a member of the Costa Rican negotiating team and been elected Vice President of the Bureau of the Conference of the Parties from 2008-2009.  She founded the Center for Sustainable Development of the Americas (CSDA) in 1995.

James Goldstene, Undersecretary, State and Consumer Services Agency, was honored for the accomplishments he achieved while serving as Executive Officer of the California Air Resources Board (ARB).  Appointed to that position in 2007, he oversaw the development and implementation of regulations and policies adopted by ARB.  Mr. Goldstene was a driving force behind the implementation of the California Global Warming Solutions Act (AB 32) and its cap-and-trade program, which created the second largest carbon market in the world.  “I am honored to receive this award and pleased with the progress that we made implementing ground breaking regulations that show California’s leadership in the fight to stop global warming.  It’s a privilege to receive this award in front of an audience that has been so deeply supportive of California’s work,” said Goldstene.

Disney, whose environmental legacy spans more than 60 years, is committed to protecting the planet for future generations and helping kids develop lifelong conservation values through nature exploration. The Company brings the magic of the natural world to kids through entertaining content including: engaging programs that inspire action like Disney’s Friends for Change, which has encouraged kids around the world to take nearly 20 million actions including beach cleanups and tree plantings; entertaining storytelling such as Disneynature films, which invests ticket proceeds to help protect precious ecosystems; experiences in places like Disney’s Animal Kingdom, which reflects the Company’s dedication to wildlife; and resources provided to organizations that protect habitats and develop education programs. Through the Disney Worldwide Conservation Fund, the Company has provided more than $20 million to projects in more than half of the countries in the world.

Since its incorporation in 1967, Environmental Defense Fund (EDF) has been working to find innovative ways to solve big environmental problems and preserve the natural systems on which all life depends.  It has played a critical role in countless environmental initiatives around the world.  Here in California, it has been a stalwart supporter of the state’s pioneering initiatives in energy efficiency, renewable energy and greenhouse gas emissions reductions.  It was a vocal and very active supporter of AB 32 and the cap-and-trade program. “For years EDF has been on the front lines, pioneering some of the most effective ways to combat climate change,” said Derek Walker, Associate Vice President US Climate and Energy Program.  “For that reason, it’s an honor to be recognized by the Climate Action Reserve, an organization who’s been a leader on this effort in their own right. We look forward to working with Reserve to continue advancing the right policies and supporting the innovation needed to reduce pollution and lead us to a cleaner energy future.”

Seamless exchange trading of top tier carbon credits now available through revolutionary partnership

Tuesday, April 2, 2013

Technology link between Climate Action Reserve and Carbon Trade Exchange demonstrates further maturation of carbon markets

LOS ANGELES, CA and SYDNEY, AUSTRALIA – The Climate Action Reserve, North America’s premier carbon offset registry, and Carbon Trade Exchange today announced a partnership that allows carbon market participants to seamlessly trade Climate Reserve Tonnes (CRTs) through a commodities exchange for the first time.  The development signals strong growth in North America’s voluntary carbon market and potentially in California’s compliance carbon market, with over 12 million CRTs qualified to become Early Action Offset Credits in California’s market and more compliance-eligible credits being registered with the Reserve.

“This partnership brings new tools to the carbon market that will help increase transparency and also serve as evidence of the further maturation of the market.  Advancements such as this are key to market growth and help to set the stage for working with other global markets in the future,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors.

The new partnership links the Reserve and Carbon Trade Exchange systems, allowing transparent, exchange-cleared transactions on the Carbon Trade Exchange platform to be automatically reflected in the Reserve’s registry system.  This linkage provides market participants with a simple, convenient, and efficient transaction platform when transacting CRTs and other Reserve issued credits.

“The voluntary carbon market is already global and Carbon Trade Exchange provides electronic, 24/7 trading services already to clients in 27 countries.  We are extremely proud to provide this global access to buyers and sellers of Climate Reserve Tonnes in a deal that provides voluntary pre-compliance and regulated carbon market participants the opportunity to buy credits wholesale, real time electronically,” said Wayne Sharp, CEO of Carbon Trade Exchange.

All CRTs currently issued and those that will be issued in the future can be traded through Carbon Trade Exchange.  Currently, over 33 million CRTs have been registered with the Reserve.  These credits were verified against the Reserve’s offset project protocols, four of which were adopted by the California Air Resources Board (ARB) and credits issued under them are eligible to be transitioned to compliance offset credits issued by ARB.  As an approved Offset Project Registry for California’s Cap-and-Trade Program, the Reserve is issuing more credits that are eligible to be transitioned to compliance credits.

“Advances in market infrastructure like this are critical to market liquidity and growth, but it is also important that the parties behind these advances have high quality products and services.  Without the trust that comes with that real, high-quality offset credits, the market won’t embrace these advances,” said Gary Gero, President of the Climate Action Reserve.

Climate Action Reserve Approved to Register Offset Projects for California’s Cap-and-Trade Program

Friday, December 14, 2012

LOS ANGELES, CA – The Climate Action Reserve, the nation’s premier carbon offset registry, earned approval from the California Air Resources Board (ARB) to serve the state’s groundbreaking Cap-and-Trade Program as an Offset Project Registry. As an approved registry, the Reserve is officially approved to issue registry offset credits under ARB compliance offset protocols that may then be transitioned into ARB compliance offset credits and used under the state Cap-and-Trade Program. With extensive experience and expertise in administering carbon offset projects under similar voluntary protocols it developed, the Climate Action Reserve is well-prepared and well-qualified to advance the environmental integrity, efficiency and effectiveness of California’s compliance offset program.

“ARB’s authorization of the Reserve as an official offset registry marks an important step in the development of California’s compliance offset program,” said Governor Gray Davis, who in 2001 signed into California state law the enabling legislation to create the Reserve’s legacy program. “The Reserve has long served the voluntary carbon market as a trusted offset program that achieves real, immediate and cost-effective solutions to curb emissions. They will bring the same rigor, transparency and integrity to build confidence and trust in the California carbon market.”

ARB’s four compliance offset protocols, which were adapted from Reserve standards, provide regulatory standards for emissions reductions in forests, urban forests, ozone depleting substances and livestock methane projects from throughout the United States. Regulated facilities under California’s Cap-and-Trade Program may use ARB-issued compliance offset credits from emissions reduction projects to meet up to eight percent of their total reported emissions.

“As the first and only offset registry whose standards have been adopted by the ARB, the Climate Action Reserve is uniquely suited to support California’s compliance offset program,” stated Linda Adams, Chair of the Climate Action Reserve Board of Directors. “Since its inception the Reserve has established market confidence in the quality of its protocols and offsets, and has allowed the public to see the real environmental benefit from offset projects.”

The Reserve began informally accepting submissions for GHG emissions reduction projects under ARB’s offset protocols while it underwent the application process to become an approved registry. The Reserve supports registration of projects by reviewing project documents, providing guidance to offset project operators and providing supplemental oversight to independent verification bodies in addition to ARB’s oversight. With its years of experience in administering the original protocols, the Reserve has the technical expertise and the sound judgment to minimize risk associated with offset projects.

The first project listed with the Reserve using an ARB compliance offset protocol is the Dairyland Digester livestock project. Dairy operations release methane, a greenhouse gas that is 20 times more powerful at trapping heat in the atmosphere than carbon dioxide. The ARB Livestock Protocol provides regulatory standards for the installation of a manure biogas control system that collects and destroys methane gas.

New agriculture offset protocol expands opportunities for farmers to participate in the carbon market

Thursday, June 28, 2012

The Climate Action Reserve adopts nitrogen management protocol for corn farmers to achieve emissions reductions through reduced fertilizer application

LOS ANGELES, CA – The Climate Action Reserve, North America’s premier carbon offset registry, adopted its Nitrogen Management Project Protocol today. The protocol provides opportunities for farmers to generate carbon offsets by implementing agricultural management practices that reduce the application of synthetic nitrogen fertilizer to corn crops in the Midwestern United States.

Nitrogen is an essential element required for crops to grow, but the application of nitrogen fertilizer releases significant amounts of nitrous oxide (N2O) into the atmosphere. N2O is a greenhouse gas (GHG) 310 times more potent at trapping heat in the atmosphere than carbon dioxide. More than two-thirds of all N2O emissions in the U.S. come from management of agricultural land. Through more efficient application of nitrogen fertilizer under this protocol, farmers can achieve reductions in GHG emissions, generate carbon offsets, earn revenues from participation in the carbon market, and continue to provide an important commodity to a growing world population.

“The agriculture sector plays a critical role in reducing atmospheric greenhouse gases as a voluntary source of emission reductions,” stated Linda Adams, Chair of the Climate Action Reserve Board of Directors. “Better agricultural management practices will provide readily available and low-cost solutions to achieve greenhouse gas emissions reductions and mitigate global climate change. We are very pleased to adopt the Nitrogen Management Project Protocol and provide an avenue for farmers to earn financial incentives as they help to solve the challenge of climate change.”

Due to significant variability in the potential to reduce N2O emissions created by different soil and climate conditions around the U.S., the first version of the protocol is only applicable to corn crops in 12 Midwestern states: Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. However, the Nitrogen Management Project Protocol is modular and designed to accommodate additional crop systems, geographic regions, and agricultural management practices as data and analysis warrant their inclusion.

“Carbon offsets are the 21st century crop for the agricultural sector. For far too long, the role of agriculture in climate change mitigation has been ignored, but appropriate attention to agricultural offsets is building a full head of steam,” said Debbie Reed, President of DRD Associates and Executive Director at Coalition on Agricultural Greenhouse Gases (C-AGG). “Protocols such as this are absolutely necessary to allow farmers to harvest carbon in order to achieve a successful yield of reductions in greenhouse gas emissions and increases in revenue streams. Market incentives can serve to reward farmers for stewardship activities, and done correctly, will ensure that the agriculture sector will play a serious and needed role in climate stabilization.”

While earned offsets can be used in the voluntary carbon market at this time, California state officials have indicated interest in incorporating agriculture protocols, including those that encourage improved nitrogen management practices, such as the Nitrogen Management Project Protocol, into its cap-and-trade program.

In addition to achieving economic benefits for farmers and reducing GHG emissions, the nitrogen management protocol also prevents the contamination of waterways and significantly improves local and downstream water quality, which in turn enhances wildlife habitat.

Climate Action Reserve Becomes First Registry to Begin Accepting Compliance Offset Projects for California’s Cap-and-Trade Program

Thursday, May 17, 2012

LOS ANGELES, CA – The Climate Action Reserve, the nation’s premier carbon offset registry, has become the first registry to accept submissions for greenhouse gas (GHG) emissions reduction projects under California’s cap-and-trade protocols while it undergoes the application process to become a California Air Resources Board (ARB) accredited offset project registry. Project owners and developers may submit project documents to the Reserve to get a head start in obtaining review of project documents, ensure their adherence to ARB’s adopted offset protocols and list the projects in the Reserve’s registry.

“We are eager to drive forward California’s carbon market and help achieve real, immediate and cost-effective reductions in greenhouse gas emissions,” said Gary Gero, President of the Reserve. “By processing compliance projects at this juncture, we are helping to ensure that there will be sufficient offset supply for the market in the early going. Our deep experience and expertise in the four Reserve offset protocols adopted by ARB for use in its compliance program are second to none, and we are excited about the opportunity to grow our respected offsets program into the regulated sector.”

California’s cap-and-trade program implements a phased cap on statewide emissions of GHGs. Regulated entities are able to meet up to eight percent of their compliance obligations with ARB offset credits. The four offset protocols adopted by ARB for use in its regulatory cap-and-trade program and for early action offset credit recognition are the Reserve’s Forest, Urban Forest, Ozone Depleting Substances and Livestock Project Protocols. Offset credits issued by ARB approved offset project registries must be converted to ARB offset credits to be eligible for use in the cap-and-trade program.

The Reserve’s processing of projects was applauded by The Nature Conservancy’s California chapter, which collaborated with The Conservation Fund and others on one of the first carbon offset projects registered with the Reserve – Mendocino County’s 23,780-acre Garcia River Forest.

“The Reserve is leading the effort in developing high quality offset standards that are instrumental in informing state policy,” said Louis Blumberg, Director of The Nature Conservancy’s California Climate Change Program. “Their expertise in operating an offset registry with transparency and integrity is instrumental to ensuring the success of California’s compliance market.”

The Reserve will host an in-depth public webinar providing an overview of ARB’s compliance protocols and detailing the process for submitting a compliance project on Wednesday, May 23 at 12:00 pm PDT. Project developers, verification bodies, regulated entities and carbon market participants are encouraged to participate. Kristen Gorguinpour, Program Director, will present information and be available to answer questions.

“There is much anticipation for California’s cap-and-trade program to start, and the Reserve’s early acceptance of compliance projects allows for the program to move forward with more efficiency and confidence,” said John Battaglia, Vice President, Evolution Markets.

Leading Climate Policymakers and Experts Join Climate Action Reserve’s New Honorary Board

Friday, May 4, 2012

The Reserve’s newly formed Honorary Board will provide guidance on the organization’s future environmental pursuits and growth

LOS ANGELES, CA – The Climate Action Reserve, the nation’s largest and most respected carbon offset registry, has created a new Honorary Board comprised of five prominent climate leaders and activists who have been instrumental in raising awareness about climate change and developing climate policies in California, Canada and beyond. The new Honorary Board includes: former Canadian Prime Minister, Rt. Hon. Kim Campbell; Hon. Gray Davis, the former governor of California; California State Senator Fran Pavley; Diane Wittenberg, former founding president of The Climate Registry and the California Climate Action Registry; and actor and environmental activist Ed Begley, Jr. They will serve in an advisory capacity to help grow and strengthen the Reserve’s carbon offset program.

“I am extremely pleased to welcome five preeminent and hard-working climate leaders to the Reserve’s newly formed Honorary Board,” said Linda Adams, Chair of the Reserve Board of Directors and Founding President of R20. “Each member of the Honorary Board has tremendous breadth of knowledge and expertise in public policy and the environment. I look forward to their experience and input in supporting the growth of the Climate Action Reserve.”

“Our changing climate has incredible implications for our global environment, health, economy and security,” said Rt. Hon. Kim Campbell. “We have to assume responsibility for our emissions and take action to reduce our carbon footprint in a meaningful manner. The Reserve’s carbon offset program supports such action by achieving real, immediate and cost-effective solutions to curb emissions. I am looking forward to helping the Reserve shape its future program and continue its tradition of integrity, transparency and environmental benefit in carbon offsets.”

“California has been a leader in the fight against climate change, and the Climate Action Reserve has been key in informing and influencing state and regional climate policy,” said Hon. Gray Davis. “California’s cap-and-trade program will have a tremendous impact on future carbon emissions and climate policy when it launches later this year. With four protocols adopted for use in the state’s cap-and-trade system, the Reserve’s carbon offset standards are a pillar of this program. The Honorary Board will work to ensure that the high-quality standards of the Reserve will serve as a model for climate policy both nationally and internationally.”

More information on the new Honorary Board members follows:

Right Honorable Kim Campbell holds the distinction of being Canada’s first and only female Prime Minister. She is also the first Canadian Prime Minister to have held office in all three levels of government: municipal, provincial and federal. Since leaving office, she has worked to support emissions reduction policies, grow a clean energy economy and address the impact of global warming on global communities. Ms. Campbell is currently a member of the Global Leadership for Climate Action, a task force of world leaders committed to addressing climate change through international negotiations.

Hon. Gray Davis was overwhelmingly elected as California’s 37th Governor. He demonstrated bold environmental leadership by signing the first law in the nation to reduce greenhouse gases, AB 1493, Pavley “Clean Cars Law,” which then became the national standard. He also created the first greenhouse gas monitoring registry, the California Climate Action Registry, and established the nation’s most ambitious commitment to renewable energy with a statewide Renewables Portfolio Standard. Davis made record investments in infrastructure, including the creation of four Centers of Science and Innovation on University of California campuses, which today are inventing technologies that will make our world cleaner, greener and safer. Today he’s Of Counsel at Loeb & Loeb where he provides strategic advice to clients on numerous matters.

Hon. Fran Pavley is a California State Senator and Chair of the Senate’s Natural Resources and Water Committee. Previously, she served three terms in the California State Assembly and four terms in the City of Agoura Hills as Mayor and Councilmember. During her tenure in the California legislature, Sen. Pavley authored landmark laws combating climate change by capping greenhouse gas emissions in California, including AB 32 (Global Warming Solutions Act) and AB 1493 “Clean Cars Law.” Sen. Pavley has also worked to acquire, protect and improve open space, secured funds for local public transportation and recreation projects, and facilitated economic development through clean energy jobs.

Diane Wittenberg is the Director Emeritus of The Climate Registry, a nonprofit collaboration among North American states and provinces to set rigorous and transparent standards to calculate, report and verify greenhouse gas emissions. Prior to founding The Registry, Ms. Wittenberg founded and served as President of the California Climate Action Registry for six years. Earlier in her career, she spent 15 years at Edison International, playing a key role in launching new businesses including Edison EV (President), Edison Utility Alliances (President) and Edison Technology Solutions (Vice President, Business Development and Marketing). She also served as Vice President for Corporate Communications for Edison International and was internationally recognized for her efforts to launch an electric vehicle industry. She currently serves as Executive Director and Chairman of the Plug-in Electric Vehicle Collaborative.

Ed Begley Jr. is a renowned actor and activist who has worked tirelessly to advance personal responsibility for environmental solutions. Known for turning up at Hollywood events on his bicycle, he has served as chairman of the Environmental Media Association and the Santa Monica Mountains Conservancy. He sits on the boards of many organizations, including the Thoreau Institute and the Midnight Mission. Currently, he is the co-star of the hit Planet Green series Living with Ed, a look at the day-to-day realities of “living green” with his wife Rachelle Carson. His first book, Living Like Ed, was published in February 2008 and the second book, Ed Begley’s Guide to Sustainable Living, came out in August 2009.

Climate Action Reserve Announces 2012 Climate Action Champion Award Recipients

Tuesday, April 24, 2012

The prestigious award, in the form of a championship belt, recognizes outstanding effort in the “fight” against climate change

SAN FRANCISCO, CA – The Climate Action Reserve, an environmental non-profit that runs the premier carbon offset registry in North America, announced its 2012 Climate Action Champion Award recipients at a reception celebrating the 10th anniversary of the organization and the award. The awards are presented annually in recognition of individuals and organizations that exemplify leadership and commitment to the reduction of greenhouse gas (GHG) emissions. For their efforts in the “fight” against climate change, the Reserve awards these outstanding and deserving recipients with a special championship belt. In announcing the awards, Gary Gero, president of the Climate Action Reserve, said that “This year’s winners have each show a long-standing and deep commitment to addressing climate change and have been pioneers and innovators in their actions.” The 2012 champions are:

Pacific Forest Trust (PFT) is a nonprofit organization headquartered in San Francisco that is dedicated to conserving and sustaining America’s vital, productive forest landscapes. Recognized as a national leader in sustainable forestry and conservation, the organization worked closely with the Reserve to develop the initial Forest Project Protocol and subsequent updated protocols. Through national advocacy and outreach, PFT has advanced policies that provide landowners with new sources of revenue for conservation and stewardship of their forests’ natural values, while increasing the storage of carbon dioxide, protecting our water supplies and enhancing fish and wildlife habitat. To date PFT has conserved more than 50,000 acres of forestland in California, Oregon and Washington.

The Nature Conservancy – California Program has worked for more than 50 years to protect the state’s most ecologically important lands and waters and is a strong advocate for progressive climate policies. Its Climate Change Program develops comprehensive, nature-based programs to minimize GHG emissions and respond to the effects of climate change. The Conservancy’s California office based in San Francisco collaborated with The Conservation Fund and others on one of the first forest carbon offset projects registered with the Reserve – the 23,780-acre Garcia River Forest on California’s northern coast. The Conservancy staff assisted in developing the forest’s improved management plan and conducts forest-carbon research and monitors biodiversity conservation on the property. In addition, the Nature Conservancy has been a long-time participant and collaborator in the Reserve’s forest protocols, which were subsequently adopted by the California Air Resources Board as part of its GHG cap and trade program.

Jan Schori, Retired, General Manager, Sacramento Municipal Utility District (SMUD), served as general manager and CEO of SMUD for 14 years. During her tenure of the nation’s sixth largest publicly-owned electric utility, SMUD earned a strong reputation for its renewable energy and energy efficiency programs, as well as the national number one ranking in commercial customer satisfaction by JD Power & Associates. Ms. Schori was elected in 2009 to the North American Electric Reliability Corporation’s (NERC) board as an independent trustee and has served on the Board of Directors of the Climate Action Reserve since its inception 10 years ago. She is currently of counsel to the law firm Downey Brand LLP in Sacramento, CA.

Peter Miller, Senior Scientist, Natural Resources Defense Council in San Francisco, has more than 25 years of experience in energy and climate policy. His work is focused on California energy policy, AB32 implementation, GHG emissions accounting and carbon offsets. Mr. Miller has served on the California Board for Energy Efficiency and on Independent Review Panels evaluating the Public Interest Energy Research program at the California Energy Commission. Mr. Miller has served on the Board of Directors of the Reserve for much of its history, including serving on the first board established for the organization.

World Wildlife Fund Senior VP joins Climate Action Reserve Board of Directors

Wednesday, February 15, 2012

Election of Dr. Jason Clay strengthens the Board’s global environmental perspective and agriculture expertise

LOS ANGELES, CA – The Climate Action Reserve Board of Directors elected newest member Dr. Jason Clay, Senior Vice President Market Transformation at World Wildlife Fund (WWF). Jason’s work at WWF continues to impact the way global industries, governments, foundations, researchers and NGOs approach environmentally sensitive issues. And, his internationally recognized work in agriculture is expected to have an especially strong impact on future development of the Reserve, which is North America’s largest and fastest growing carbon offset registry.

“The Board was very deliberate and selective in electing a new member to represent environmental NGOs and we are excited and honored that Jason accepted our invitation. His work and accomplishments are globally recognized, and his expertise in agriculture issues – both domestically and internationally – will be a wonderful complement to the expertise we have in our current Board members,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Founding President of R20.

Jason’s areas of expertise are in corporate social responsibility, agriculture and aquaculture, indigenous people, impact assessments of large-scale development projects and trend analysis. In conducting his work, his goal is to help create global standards for producing and using raw materials, with a focus on carbon and water. His experience on supply chain sustainability with the private sector will be very applicable to the Reserve’s future work exploring how carbon can be incorporated into agricultural commodity markets and in setting standards for greenhouse gas emissions reductions projects.

Prior to joining WWF in 1999, Jason served in a number of roles that all provided strong, relevant experience for his current work. He ran a family farm, taught at Harvard and Yale, served in a position with the U.S. Department of Agriculture and spent more than 25 years working with human rights and environmental organizations.

“I am thrilled about the opportunity to work with the Climate Action Reserve Board on some of the most pressing global issues of our time,” said Dr. Clay. ”Our finite planet is under increasing pressure, threatening biodiversity and the habitats of the world’s most iconic species. The Climate Action Reserve can play a critical role in generating new, collaborative solutions to reduce the environmental impact that climate change is having on our lives.”

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.

New offset standard opens doors for rice farmers to participate in carbon markets

Wednesday, December 14, 2011

The Climate Action Reserve adopts first rice cultivation guidelines for GHG offset projects

SACRAMENTO, CA – The Climate Action Reserve, North America’s largest and fastest growing carbon offset registry, adopted the first version of its Rice Cultivation Project Protocol today in a move that creates opportunities for California rice farmers to participate in carbon markets and to also become involved in California’s groundbreaking cap-and-trade program. State officials have indicated agriculture protocols, such as the Rice Cultivation Project Protocol, are the next standards they may look at adopting into the state’s compliance market. That will open the door for rice farmers to sell their earned carbon offsets to California companies that are required by law to reduce their greenhouse gas (GHG) emissions.

The State of California and the global community have identified cropland agriculture as having the potential to reduce significant amounts of greenhouse gases from being emitted into the atmosphere. We are very pleased to adopt the Rice Cultivation Project Protocol and provide a tool for farmers to get incentives to reduce emissions,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors.

The Rice Cultivation Project Protocol provides a clear standard for how to reduce GHG emissions by changing water and residue management practices in rice farming and how these reductions can be measured and rewarded with offset credits.

The protocol also represents several firsts for the Reserve. It is the organization’s first cropland agriculture protocol and the first to use a bio-geo-chemical model, which emulates soil processes. It is also the Reserve’s first protocol to provide guidelines for individual farmers to aggregate their lands and work together to develop an offset project. This is intended to make the protocol more accessible and flexible for rice farmers.

As with all Reserve protocols, the Rice Cultivation Project Protocol was developed with guidance and input from a diverse group of stakeholders involved in rice farming. Significant contributions were made by the California Rice Commission and the Environmental Defense Fund, who had jointly drafted a previous standard for rice cultivation offset projects.

Mexico INE President Dr. Francisco Barnes joins Climate Action Reserve Board of Directors

Wednesday, September 28, 2011

Election of Dr. Barnes re-emphasizes organizational focus on activities in Mexico

SACRAMENTO, CA – The Climate Action Reserve, North America’s largest and fastest growing carbon offset registry, announced that Dr. Francisco Barnes Regueiro, President of the National Institute of Ecology (INE) for the Government of Mexico, has been elected to its Board of Directors. Dr. Barnes is successor to Dr. Adrián Fernández Bremauntz as INE President and assumes the seat previously held by Dr. Fernández on the Reserve Board. Dr. Barnes’ active involvement with the Reserve will help guide the organization’s ongoing activities in Mexico, including continued protocol development.

“Dr. Barnes’ participation on the Reserve Board of Directors is a true asset to the growth and development of the organization, and I am extremely honored to welcome him. We continue focusing on helping create market opportunities in Mexico. Dr. Barnes can provide insightful advice and a unique perspective to our ongoing activities in the country, as well as offering input on other cross-border initiatives,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and former Secretary of the California Environmental Protection Agency.

Prior to his appointment as President of INE, Dr. Barnes was a partner at McKinsey & Company, where he specialized in developing strategies for low-carbon growth, adaptation to climate change, energy and other sustainable development issues, such as water pollution and solid waste. He served as part of the company’s global leadership in sustainability and energy practices and advised governments, NGOs and private and public sector companies throughout Latin America in the areas of energy, climate change, water, oil and other key issues. Dr. Barnes also served as a visiting professor at Boston University, has received numerous awards for his academic work and is a published author.

“The work the Climate Action Reserve has already done in Mexico is remarkable, and I am looking forward to becoming involved with such an innovative, open, and action-oriented organization. Its protocols provide means and incentive for reducing GHG emissions in a way that uses the power of the market to achieve our environmental goals. I am also excited to be involved in pioneering new ways that we can use the Reserve’s work to achieve greater environmental benefit through work between our two countries, both at a federal and particularly at a subnational level, including the upcoming California cap-and-trade program,” said Dr. Barnes.

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.

Agriculture expert Cynthia Cory joins Climate Action Reserve Board of Directors

Tuesday, April 26, 2011

New Board seat strengthens relationship between agriculture industry and carbon market

LOS ANGELES, CA – The Climate Action Reserve, North America’s largest and fastest growing carbon offset registry, announced that Cynthia Cory, Director of Environmental Affairs for the California Farm Bureau Federation, has been elected to its Board of Directors. Ms. Cory’s seat on the Board expands the Board’s areas of expertise to cover the agriculture industry and brings a perspective that is expected to be especially valuable as the Reserve continues development of new standards for reducing greenhouse gas (GHG) emissions in the agriculture sector and bringing the farm community into the carbon market.

“Ms. Cory is very highly regarded in the agriculture community both here in California and nationally. I am extremely honored to welcome her to the Reserve Board of Directors. She adds tremendous depth and diversity to the Board, and her experience, knowledge and unique perspective will be invaluable as we continue our work in setting high quality standards for reducing greenhouse gas emissions,” said Linda Adams, Secretary of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors.

During her twenty one years with the California Farm Bureau Federation, Ms. Cory has worked on a wide variety of state and national agriculture issues. Currently, her focus is air quality and climate change, and she also works on biotechnology and invasive species/pest prevention, eradication and control issues. Before joining the Farm Bureau, she worked for several private and public organizations on short- and long-term agronomic research projects throughout Africa.

“I am grateful for this opportunity to provide an agricultural perspective to the Board discussions and review process. All Reserve protocols are based on high standards and scientific rigor, but it is important in dealing with a living agricultural system that growers can incorporate GHG reducing practices into their operations in as cost-effective and practical manner as possible while continuing to produce a diverse and beneficial supply of agricultural products. I want to see the ongoing Reserve agricultural protocol work proceed in a timely and cohesive manner,” said Ms. Cory.

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.

Environment and energy policy experts Elizabeth Moler and James Mack join Climate Action Reserve Board of Directors

Wednesday, December 1, 2010

Two new Board seats add depth and experience in US and Canadian federal policy affairs

LOS ANGELES, CA – The Climate Action Reserve, North America’s largest carbon offset registry, announced that Elizabeth (Betsy) Moler, a former Chair of the Federal Energy Regulatory Commission (FERC) and Deputy Secretary of the U.S. Department of Energy under President Clinton, and James Mack, Head of the British Columbia Climate Action Secretariat in the Ministry of Environment, have been elected to its Board of Directors.

I am extremely honored to have the privilege of welcoming Mr. Mack and Ms. Moler to the Reserve Board of Directors,” said Linda Adams, Secretary of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors. “Mr. Mack has a strong list of accomplishments in implementing British Columbia’s climate change goals, and Ms. Moler is a nationally recognized energy policy expert with unparalleled experience in the energy industry and federal government affairs. The experience and depth they each bring to the Board will be invaluable in leading the growth of the Climate Action Reserve.

Ms. Moler most recently served as Executive Vice President, Government Affairs and Policy for Exelon Corporation where she led the company’s team on climate change policy issues. Prior to that, she established a very notable career in government service, serving as a staff member on Capitol Hill for 20 years. She was Senior Counsel for the U.S. Senate Committee on Energy and Natural Resources from 1976 to 1988 and was appointed by Presidents Ronald Reagan, George H.W. Bush and Bill Clinton as a Member of FERC from 1988 to 1997. In 1993, President Clinton designated her as Chair of FERC and in June 1997, he appointed her as the Deputy Secretary, U.S. Department of Energy (DOE).

I was delighted to be asked to join the Board of Directors of the Climate Action Reserve. The organization has successfully demonstrated the importance of providing market-based approaches to finding ways to address climate change and curbing greenhouse gas emissions. Having served both as a regulator and a utility executive, I hope that my experience will assist the organization in developing creative, cost-effective approaches to offset standards and protocols,” said Ms. Moler.

As the Head of the British Columbia Climate Action Secretariat in the Ministry of Environment, Mr. Mack is responsible for leading the province’s initiatives to achieve its greenhouse gas emissions reduction targets. Prior to joining the Secretariat, Mr. Mack worked for the Government of Canada on environmental, social and economic development issues in Ottawa.

Please visit the Climate Action Reserve website to learn more about the organization and its Board of Directors.

New guidelines broaden opportunities for livestock operations to gain financial benefits from reducing their GHG emissions

Wednesday, September 29, 2010

The Climate Action Reserve continues to uphold rigorous standards in offset projects with the release of version 3.0 of its Livestock Project Protocol

Los Angeles, CA  – The Climate Action Reserve, North America’s largest carbon offset registry, released version 3.0 of the Livestock Project Protocol, providing updated guidelines for livestock operations to participate in the carbon market.  Significant amounts of methane, which is over 21 times more potent to the atmosphere than carbon dioxide, can be produced at livestock operations.  With the updated livestock protocol, operations have more opportunities to reduce their methane emissions and earn offset credits that can be sold in the carbon market.

The Livestock Project Protocol ensures the integrity and long-term environmental benefit of installing manure biogas control systems at livestock operations, including dairy cattle and swine farms.  With this protocol, operations that capture and destroy methane from livestock manure before it is released into the atmosphere receive carbon offset credits that can be traded in the carbon market

The protocol ensures that livestock operations can effectively reduce greenhouse gases and thrive while earning offset credits in a carbon market,” said Linda Adams, Secretary of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors.

Version 3.0 of the protocol includes revised guidance on determining the greenhouse gas (GHG) assessment boundary of projects.  This includes clear details on the standard stocking rates and new options for complying with the reporting period and verification requirements to reduce verification costs.  All offset projects registered with the Climate Action Reserve are required to undergo independent, third-party verification.

Livestock manure management provides a key opportunity to reduce significant methane emissions, while at the same time generating revenue for the livestock operator. Version 3.0 of the Livestock Project Protocol recognizes that opportunity and ensures that livestock manure management projects are developed, quantified and verified with the highest level of integrity,” said Gary Gero, President of the Climate Action Reserve.

The Climate Action Reserve also released version 2.0 of the Mexico Livestock Project Protocol, which provides guidance for livestock offset projects in Mexico.  To date, livestock projects registered with the Climate Action Reserve have reduced 151,903 metric tons of CO2e from the atmosphere, equivalent to taking over 29,000 passenger vehicles off the road annually. The original livestock protocol was adopted by the Climate Action Reserve Board of Directors in June 2007 for projects in the United States.

Please visit the Climate Action Reserve website to access the Livestock Project Protocol Version 3.0, as well as all public comments regarding the protocol and the submitted responses to the comments.

The Climate Action Reserve continues to uphold rigorous standards in offset projects with the release of version 3.0 of its Livestock Project Protocol

Los Angeles, ca – The Climate Action Reserve, North America’s largest carbon offset registry, released version 3.0 of the Livestock Project Protocol, providing updated guidelines for livestock operations to participate in the carbon market. Significant amounts of methane, which is over 21 times more potent to the atmosphere than carbon dioxide, can be produced at livestock operations. With the updated livestock protocol, operations have more opportunities to reduce their methane emissions and earn offset credits that can be sold in the carbon market.

The Livestock Project Protocol ensures the integrity and long-term environmental benefit of installing manure biogas control systems at livestock operations, including dairy cattle and swine farms. With this protocol, operations that capture and destroy methane from livestock manure before it is released into the atmosphere receive carbon offset credits that can be traded in the carbon market

“The protocol ensures that livestock operations can effectively reduce greenhouse gases and thrive while earning offset credits in a carbon market,” said Linda Adams, Secretary of the California Environmental Protection Agency and Chair of the Climate Action Reserve Board of Directors.

Version 3.0 of the protocol includes revised guidance on determining the greenhouse gas (GHG) assessment boundary of projects. This includes clear details on the standard stocking rates and new options for complying with the reporting period and verification requirements to reduce verification costs. All offset projects registered with the Climate Action Reserve are required to undergo independent, third-party verification.

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2/LIVESTOCK 3.0

“Livestock manure management provides a key opportunity to reduce significant methane emissions, while at the same time generating revenue for the livestock operator. Version 3.0 of the Livestock Project Protocol recognizes that opportunity and ensures that livestock manure management projects are developed, quantified and verified with the highest level of integrity,” said Gary Gero, President of the Climate Action Reserve.

The Climate Action Reserve also released version 2.0 of the Mexico Livestock Project Protocol, which provides guidance for livestock offset projects in Mexico. To date, livestock projects registered with the Climate Action Reserve have reduced 151,903 metric tons of CO2e from the atmosphere, equivalent to taking over 29,000 passenger vehicles off the road annually. The original livestock protocol was adopted by the Climate Action Reserve Board of Directors in June 2007 for projects in the United States.

Please visit the Climate Action Reserve website to access the Livestock Project Protocol Version 3.0, as well as all public comments regarding the protocol and the submitted responses to the comments.

Updated standard provides new guidance for using forests to address climate change

Tuesday, August 31, 2010

Version 3.2 of the Climate Action Reserve’s Forest Project Protocol continues to ensure integrity of forest offset projects

Los Angeles, CA  – The newest version of the Forest Project Protocol from the Climate Action Reserve, North America’s largest carbon offset registry, has been officially released for use in the carbon market.  Updates in version 3.2 of the protocol create stronger standards for ensuring integrity and long-term environmental benefit in forest offset projects across the U.S.  While other offset project types prevent carbon dioxide (CO2) and other greenhouse gases (GHGs) from entering the atmosphere, forest offset projects are unique because they remove CO2 from the atmosphere, in a sense “reversing” emissions that already happened.

The Forest Project Protocol Version 3.2 enriches the carbon landscape by providing new opportunities for participation in the carbon market.  Forests are powerful tools in our fight against climate change, and owners of small forests now have the option of aggregating their lands to create an offset project and participate in the carbon market,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

The Forest Project Protocol is the Reserve’s flagship methodology and provides complete, consistent, accurate and conservative standards to account for forest carbon storage.  Significant updates in version 3.2 of the protocol include clarifications to the requirements for establishing a baseline for Improved Forest Management (IFM) projects and the introduction of guidelines for aggregating forest projects.

Version 3.2 of the Forest Project Protocol recognizes the tremendous opportunity of forests to sequester carbon dioxide and ensures that forest projects are developed, quantified and verified with the highest level of integrity,” said Gary Gero, President of the Climate Action Reserve.

The original forest protocol was adopted by the Climate Action Reserve Board of Directors in June 2005 with applicability specific to the State of California and was expanded to cover all of the U.S. in September 2009. Currently, forest projects registered with the Climate Action Reserve have absorbed 1,735,436 metric tons of CO2e from the atmosphere.

Please visit the Climate Action Reserve website to access the Forest Project Protocol Version 3.2, as well as all public comments regarding the protocol and the submitted responses to the comments.

Five states top the list in reducing greenhouse gas emissions

Tuesday, August 24, 2010

First place claimed by Arkansas, followed by California, New York, Texas and Alabama

Los Angeles, CA  – Annually, carbon offset projects in Arkansas reduce enough greenhouse gases (GHGs) from the atmosphere to equal the amount of emissions produced by 322,380 passenger vehicles over an entire year, according to the Climate Action Reserve, North America’s largest carbon offset registry.  Another way to measure the amount is to think of it in terms of the carbon removed from the atmosphere by growing 43,232,026 tree seedlings for 10 years.  By reducing such a significant amount of GHGs through projects registered with the Climate Action Reserve, Arkansas has earned the status of reducing more GHG emissions than any other U.S. state.  Joining Arkansas at the top of the list are California, New York, Texas and Alabama.

GHGs contribute to global warming by keeping heat, or radiative energy, in the atmosphere, and scientists point to a direct correlation between increased amounts of GHGs and extreme weather, such as this summer’s scorching temperatures and record-setting flooding.  Carbon offset projects are activities that prevent GHGs from entering the atmosphere, making them climate change solutions that have an impact on the environment right now.

One of the most valuable benefits of high quality offset projects is that they reduce greenhouse gases in the atmosphere today.  While we work on transitioning to a clean energy economy and reducing the amounts of emissions we produce, offset projects are providing true benefit to the environment.  They are a way to take action and see results now,” said Gary Gero, president of the Climate Action Reserve.

Ranking a close second after Arkansas, California is well known around the world for its pioneering environmental initiatives and its landmark climate change and energy bill, AB 32.

Every year, offset projects in California reduce the same amount of GHGs as taking 303,182 passenger vehicles off the road for a year.  Coming in third is New York, a member of the first regional group to implement a cap-and-trade program, the Regional Greenhouse Gas Initiative (RGGI).  Annually, offset projects in New York reduce enough GHGs to equal the emissions generated by 124,520 passenger vehicles every year.

The southern states are not as well known as their coastal counterparts for being environmental leaders.  However, on an annual basis, offset projects in Texas reduce the equivalent of taking 83,052 passenger cars off the road for a year.  Alabama offset projects reduce the same amount of GHGs that would be achieved if 39,518 passenger vehicles were removed from the road for a year.

Some of the states on this top five list will be a surprise to people.  It’s important to note that businesses, organizations and people living in these states not only support reducing emissions through emission reduction projects but they are financially benefiting from these projects by earning offset credits that can be traded in the carbon market.  These people have realized opportunities to use a market-based approach and financial incentives to take action against our most pressing global challenge today – climate change,” said Gero.

Offset projects from these five states are all registered with the Climate Action Reserve.  The projects include destroying ozone depleting substances, using forests to remove carbon and methane capture from landfills, livestock farms and coal mines.  The projects comply with the most rigorous and comprehensive standards for offset projects and have been independently reviewed by accredited third party verification bodies.  Information on these projects and their verifications are publicly accessible at www.climateactionreserve.org.

Actual amounts of GHGs removed by projects in each state are listed in the chart below.

State Metric tons of CO2e* reduced
Arkansas 1,858,551
California 1,747,869
New York 717,866
Texas 478,805
Alabama 227,822

* CO2e (carbon dioxide equivalent) is a measure for comparing carbon dioxide with other GHGs; it is calculated by multiplying the metric tons of a gas by the appropriate global warming potential (GWP)

The Climate Action Reserve is a private nonprofit organization representing international interests in addressing climate change and bringing together participants from the government, environment and business sectors.  As the premier carbon offset registry in North America, it works to ensure environmental benefit, integrity and transparency in the carbon market.  It establishes high quality standards for quantifying and verifying greenhouse gas (GHG) emissions reduction projects, oversees independent third-party verification bodies, issues carbon credits generated from such projects and tracks the transaction of credits over time in a transparent, publicly-accessible system.  By ensuring that GHG reduction projects provide true environmental benefit and earn high quality offsets, the Climate Action Reserve is creating a trusted and valuable commodity and bringing credibility and efficiency to the carbon market.  For more information, please visit www.climateactionreserve.org.

New standard for reducing GHG emissions provides financial incentives to create new turn for composting

Wednesday, June 30, 2010

Climate Action Reserve protocol opens the door for universities, municipalities, restaurants, grocery stores to turn food waste into potential revenue streams

Los Angeles, ca  – The Climate Action Reserve, the largest and fastest growing offset registry for the North American carbon market, adopted a new standard that encourages the reduction of greenhouse gases (GHG) from a significant methane source in the U.S. – food waste.  The Organic Waste Composting (OWC) Project Protocol provides guidelines for developing carbon offset projects and generating offset credits, which can be traded in the carbon market, by diverting food waste from landfills to composting operations.

With only an estimated 2.5% of food waste being currently composted, it is the least recycled material of all potential recyclables.  Food waste that is not composted typically gets deposited in a landfill where it rapidly decomposes under anaerobic conditions and creates significant amounts of methane, which is over 21 times more potent to the atmosphere than carbon dioxide.

“It is surprising for many people when they discover the environmental damage that can be done by the food we throw away.  The Organic Waste Composting Project Protocol is a powerful tool for addressing the situation.  It creates a financial incentive to mitigate the significant amounts of methane emitted from food waste, and it provides an affordable and realistic opportunity for people outside of the traditional carbon market to become involved,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

Since food waste is produced by virtually every American, the sources for it are vast and include municipalities, schools, grocery stores, restaurants, food wholesale distributors and public venues.  Potentially, each of these sources could participate in the OWC protocol by diverting its waste from the landfill to a composting operation.

“The Organic Waste Composting Project Protocol helps cement the idea that food waste isn’t garbage anymore,” said Dr. Sally Brown, Research Associate Professor at the University of Washington’s College of the Environment.  “People are looking for things they can do to benefit the environment, and food waste diversion is affordable and can have a large impact.  Making compost improves the atmosphere by reducing the amount of methane emitted but using compost also improves the quality of soil.  It is like the soil taking vitamins.”

The OWC protocol is the twelfth protocol adopted by the Reserve.  Many carbon market participants and observers have repeatedly predicted the Reserve’s offset credit, the Climate Reserve Tonne (CRT), is the most likely to be adopted as a pre-compliance credit for regulated cap-and-trade programs in California and on a federal level.  Adding another protocol to the suite of standards allows the generation of more high quality credits for these programs.

Climate Action Reserve announces 2010 Climate Action Champion award recipients

Thursday, April 15, 2010

Prestigious award presented to Nancy Ryan (CPUC), Bay Area Air Quality Management District and TerraPass

SAN FRANCISCO, CA – From its annual conference, Navigating the American Carbon World, the Climate Action Reserve announced its 2010 Climate Action Champion Award recipients.  The awards are bestowed upon individuals and organizations that have demonstrated public leadership in climate change and commitment to substantial greenhouse gas (GHG) reductions.  The 2010 award recipients are:

Nancy Ryan, Commissioner at the California Public Utilities Commission (CPUC): While at the CPUC, Ryan has played a key role in developing policies in areas of climate change, electricity market design and renewable energy.  In the course of these efforts, she has helped to build and enhance the CPUC’s working relationships with its sister energy agencies, Federal Energy Regulatory Commission, State of California Legislature and Governor’s Office.  Prior to joining the CPUC, Ryan was Senior Economist and Deputy California Director at Environmental Defense Fund.

Bay Area Air Quality Management District (BAAQMD) and Jack Broadbent, Executive Officer: BAAQMD has been a California Climate Action Registry member since 2003.  Since launching its Climate Protection Program in 2005, it has been at the forefront of the climate protection movement in the San Francisco Bay Area.  Among its activities are providing training and funding for local governments to calculate and reduce their GHG inventories, administering a $3 million grant program to reduce GHG emissions in the Bay Area and developing global warming curriculum for fourth and fifth grade students.

TerraPass:  TerraPass has held a pioneering role in educating the public about carbon footprints and reducing emissions.  The San Francisco-based company also works directly with carbon reduction projects, providing revenue to dairy farms, landfill gas installations and other projects that yield carbon credits.  As a project developer that has been a model for adhering to only the most comprehensive and rigorous project standards, it has helped numerous companies and individuals offset their emissions.

“This year’s winners all demonstrate the highest standards of leadership through their unwavering dedication and perseverance in striving toward climate change solutions.  They have specifically demonstrated a highly commendable commitment towards reducing pollution and helping others to accomplish this.  We are very proud to honor their work today,” said Linda Adams, Chair of the Climate Action Reserve and Secretary of the California EPA.

The awards were presented during the welcome address at the conference.  Recipients received the iconic Climate Action Champion heavyweight belts.

“Each year, it is inspiring to recognize our new class of Climate Action Champions.  We have worked with Commissioner Ryan, Jack Broadbent and the BAAQMD and the team at TerraPass for many years, and during that time, we have watched them work tirelessly towards achieving outstanding climate change goals.  As a global community, we still have a considerable fight ahead of us to combat global warming, but with people like them in our corner, it truly provides inspiration that we can win this battle,” said Gary Gero, President of the Climate Action Reserve.

Climate Action Reserve releases standards for destruction of Ozone Depleting Substances

Friday, February 5, 2010

Two new offset project protocols renew awareness of ozone protection and create possibility for significant boost in carbon market volume

LOS ANGELES, CA – The Climate Action Reserve, the premier offset registry for the North American carbon market, adopted two new offset project standards that could lead to millions of metric tons of greenhouse gas (GHG) emissions reductions. Targeting the destruction of Ozone Depleting Substances (ODS), the U.S. ODS Project Protocol and the Article 5 ODS Project Protocol provide financial incentive for destruction of ODS in the U.S. and developing countries. Because ODS can be thousands of times more powerful than carbon dioxide (CO2) at trapping heat in the atmosphere, ODS offset projects may produce hundreds of thousands – or even millions – of offset credits.

“The ODS protocols are significant developments because they are the first protocols to provide co-benefits that protect both the ozone layer and the climate system. And because of the potency of ODS as greenhouse gases, projects developed under these protocols will provide substantial environmental benefits while generating offset credits to the carbon market. I applaud the work of everyone who was involved in the development of these landmark protocols,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

ODS are used in a variety of applications, and as their name suggests, they have tremendously harmful effects on the ozone layer. They also are potent GHGs; some are more than 10,000 times more effective than CO2 at trapping heat in the atmosphere. While the ODS included in the protocols are no longer actively produced, their continuing presence in refrigeration equipment and insulation foams represent enormous potential for GHG emissions. Both the U.S. ODS Project Protocol and the Article 5 ODS Project Protocol address the destruction of ODS as the means of preventing emissions. The U.S. ODS protocol includes refrigerants and foam blowing agents sourced from the U.S. The Article 5 ODS protocol includes refrigerants from “Article 5” countries, which are developing countries as defined under the United Nation’s Montreal Protocol.

“By eliminating the risk for ozone depleting substances to create GHG emissions, we are taking a tremendous stride in protecting our environment. The Climate Action Reserve’s two ODS project protocols establish strong and comprehensive standards for addressing the destruction of ODS. Bringing together financial incentives created by the carbon market with the environmental benefits that ODS offset projects will produce creates a win-win situation for both developed and developing countries,” said Viraj Vithoontien of the Environment Department at The World Bank.

Whether ODS originates from the U.S. or an Article 5 country, the substances are required to be destroyed in the U.S. or its territories, where destruction practices are closely regulated. If destruction of a substance is already required under the Montreal Protocol or U.S. law or it has not been phased out of production in the country of origin, it is not eligible for inclusion under the ODS protocols. Projects that qualify under the ODS protocols will be issued offset credits, Climate Reserve Tonnes (CRTs), for the quantity of ODS that would otherwise have been released over a 10-year period had they not been destroyed.

“The new Protocols will immediately mobilize projects and new investment, and will help leverage financing from voluntary and ultimately compliance GHG markets domestically and worldwide. EOS Climate looks forward to permanently preventing GHG emissions by implementing projects developed according to these new Protocols,” said Jeff Cohen, VP Science & Policy at EOS Climate Inc. EOS had originally submitted the concept for the ODS protocols to the Reserve. “From the start, we believed the Reserve would provide the most transparent, verifiable, and comprehensive framework ensuring the integrity of greenhouse gas reductions.”

The Climate Action Reserve is a U.S. private nonprofit organization representing international interests in addressing climate change and bringing together participants from the government, environment and business sectors. It works to ensure environmental benefit, integrity and transparency in greenhouse gas (GHG) emissions accounting and reduction and progressive movement in GHG emissions policy nationally and in the Western U.S. The Climate Action Reserve is parent to three programs, the California Climate Action Registry, Climate Action Reserve and Center for Climate Action. As the subsequent organization of the California Climate Action Registry, the Climate Action Reserve continues building on the California Registry’s reputation as a respected and internationally recognized leader in climate change issues. For additional information, please visit www.climateactionreserve.org.

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World Renowned Anthropologist and Environmental Advocate Dr. Stephan Schwartzman joins the Climate Action Reserve Board of Directors

Friday, February 5, 2010

Addition of Dr. Schwartzman strengthens environmental representation and voice in the Reserve’s offset program

LOS ANGELES, CA – The Climate Action Reserve, the premier offset registry for the North American carbon market, announced that Dr. Stephan Schwartzman, Director for Tropical Forest Policy at the Environmental Defense Fund (EDF), has been elected to its Board of Directors. The addition of Dr. Schwartzman to the Reserve Board further strengthens involvement from the environmental community in the growing voluntary carbon market.

“We are very pleased and honored to welcome Dr. Schwartzman to the Climate Action Reserve Board of Directors. As the Reserve continues to grow and become globally respected as a leader in forestry project protocols, Dr. Schwartzman’s expertise and experience in developing strategies for forest conservation will add much value to current and potential forest programs in the carbon market,” said Linda Adams, Chair of the Climate Action Reserve and Secretary of the California EPA.

Dr. Schwartzman has an illustrious career in sustainable forestry. Since the early 1980s, he has worked with communities in the Amazon region to recover, protect and conserve millions of hectares of traditional territory. Currently, Schwartzman leads EDF’s work with a consortium of Brazilian non-governmental organizations (NGOs), grassroots organizations, government agencies, indigenous and traditional communities to implement and protect tropical forest reserves. He initiated EDF’s efforts to create large-scale incentives for tropical countries to reduce their deforestation through the United Nations Framework Convention on Climate Change.

“It’s an enormous honor for me to join the Reserve Board. This is a critical moment for North America’s – and the world’s – climate and forests. The Reserve’s outstanding work on carbon accounting will be fundamental to protecting both,” said Dr. Schwartzman.

Dr. Schwartzman brings a unique international forestry perspective to the Reserve Board, which includes a diverse and balanced representation of government, business, academic and environmental leaders in the carbon market. The Reserve has earned the reputation as the premier carbon market leader in North America and has been recognized and supported by the State of California, the State of Pennsylvania and leading environmental organizations, including the EDF, Natural Resources Defense Council (NRDC) and Sierra Club.

The Climate Action Reserve is a U.S. private nonprofit organization representing international interests in addressing climate change and bringing together participants from the government, environment and business sectors. It works to ensure environmental benefit, integrity and transparency in greenhouse gas (GHG) emissions accounting and reduction and progressive movement in GHG emissions policy nationally and in the Western U.S. The Climate Action Reserve is parent to three programs, the California Climate Action Registry, Climate Action Reserve and Center for Climate Action. As the subsequent organization of the California Climate Action Registry, the Climate Action Reserve continues building on the California Registry’s reputation as a respected and internationally recognized leader in climate change issues. For additional information, please visit www.climateactionreserve.org.

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Climate Action Reserve Exceeds Milestone of One Hundred Greenhouse Gas Emissions Reduction Projects

Thursday, November 12, 2009

Rapid growth of offsets registry demonstrates the strength and success of the North American carbon market

LOS ANGELES, CA – The Climate Action Reserve, the premier offset registry for the North American carbon market, today announced it exceeded the milestone of 100 greenhouse gas (GHG) emissions reduction projects. The milestone demonstrates the ability for the carbon market to successfully utilize a collaboration between the business and environmental communities to mitigate climate change. It also reflects these communities’ confidence in the quality and value of the Reserve’s offset credits, known as a Climate Reserve Tonnes (CRTs).

“With 100 projects submitted into the Reserve program, we can be confident that significant momentum is underway to effectively mitigate climate change through the carbon market,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency. “The Reserve’s rigorous accounting and verification requirements, consistent performance standards and transparent public-participation process provide strong environmental safeguards for the credibility of project activities.”

The 100 project milestone also signifies the Reserve’s ability to effectively and efficiently administer its scalable program during a time of rapid growth and increased demand. The program was launched in May 2008 with just two forest projects in California. Today, the Reserve has projects listed and registered in 38 states. These projects were developed according to the Reserve’s protocols, which currently address GHG emissions reductions from forest, landfill methane, livestock methane, urban forest, coal mine methane and organic waste digestion projects throughout the nation. The Reserve also has landfill and livestock protocols for Mexico, which enable emissions reduction projects in that country to earn CRTs.

2/100 PROJECTS

The Reserve’s protocols ensure that GHG reductions are real, additional, verifiable, enforceable and permanent. Credited emissions reductions generate high quality offsets, which are above business-as-usual practices, regularly monitored and verified, subject to penalties for non-compliance and provide ever-lasting benefits to the environment. Each CRT offset credit represents one metric ton of carbon dioxide equivalent reduced or sequestered from the atmosphere. Information on issued CRTs and projects are publicly accessible through the Reserve website.

“The Reserve’s offset program provides an efficient means for project developers to qualify and register projects, as well as excellent transparency for carbon offset buyers,” said Erin Craig, President of Carbon Management Services, TerraPass. “We saw the value very early, and have submitted a dozen projects to date. As we continue our on-the-ground work addressing climate change, we expect to submit many more. The high value of CRTs reflects the credibility of our projects as well as the Reserve program.”

The Climate Action Reserve’s offset program has kept pace with the growing interest in offsets and has quickly progressed into the premier carbon market leader. The Reserve has been recognized and supported by the State of California, the State of Pennsylvania and leading environmental organizations, including the Environmental Defense Fund, Natural Resources Defense Council and Sierra Club.

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Organic waste and coal mine methane projects now eligible to register with the Climate Action Reserve

Monday, October 12, 2009

Adoption of two new protocols expands the types of high quality offset credits issued in the US voluntary carbon market

SACRAMENTO, CA – The Climate Action Reserve Board of Directors unanimously adopted the Organic Waste Digestion (OWD) and Coal Mine Methane (CMM) Project Protocols and broadened the reach and diversity of offset projects that can be registered with the premier offsets registry. The two protocols provide financial incentives for implementing activities that help mitigate climate change and that go beyond usual business practices in the solid waste and coal mine sectors.

“With the adoption of the Organic Waste Digestion and Coal Mine Methane Project Protocols, the Climate Action Reserve now offers eight protocols for use in generating high quality offsets. In dealing with the urgent issue of climate change, we need credible, practical solutions that truly provide benefit to the environment. All of the Reserve protocols, including the two newest ones, provide comprehensive tools that allow us to work together in addressing climate change and generate immediate benefits to the environment,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

Food waste decomposes rapidly in landfills and is a major source of methane emissions, which are over 21 times more potent to the atmosphere than carbon dioxide. Currently, less than three percent of food waste in the U.S. is diverted. The OWD Project Protocol is the nation’s first protocol to incentivize the diversion of food waste from landfills. It provides a standardized approach for quantifying, monitoring and verifying greenhouse gas (GHG) reductions from organic waste diversion projects. Instead of organic waste being buried in landfills, where it will produce and emit methane, it is diverted into anaerobic digesters. The protocol also allows for the capture and destruction of methane at industrial wastewater treatment facilities.

“Diverting food scraps from landfills to anaerobic digesters not only directly reduces potent greenhouse gases, but also provides clean fuels and renewable energy to help the state meet its climate goals,” said Nick Lapis, Policy Associate, Californians Against Waste.

Coal mining is another source of methane. The amount of methane emitted from underground mines is not proportionate to production; it is estimated that underground mines account for over 60 percent of total methane emissions from coal mining. The CMM Project Protocol provides a standardized approach for quantifying, monitoring and verifying GHG reductions from projects that destroy methane at active underground coal mines. This first version of the protocol covers ventilation air methane (VAM) projects and non-pipeline drainage projects. The protocol incentivizes coal mines to destroy or utilize coal mine methane that is currently removed from mines and vented into the atmosphere for safety reasons.

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New Climate Action Reserve standard brings US forests into the carbon market

Friday, September 11, 2009

Adoption of the Forest Project Protocol version 3.0 paves the way for forest projects earning carbon credits and mitigating climate change

LOS ANGELES, CA – With the adoption of the landmark Forest Project Protocol version 3.0, forest projects across the U.S. are now poised to make a highly anticipated entrance into the carbon market while encompassing a defined and measured role for mitigating climate change. The previous version of the protocol generated significant attention for forest offset projects in California, and it is expected version 3.0 will generate attention nationally and internationally, especially as global communities look to the power of forests and forest management to effectively address climate change.

“I commend members of the forest workgroup, general public and Climate Action Reserve staff for the outstanding levels of commitment, dedication and time they made towards this tremendous accomplishment. The Forest Project Protocol is a groundbreaking document that will be looked at around the world. Getting the protocol adopted was just one step in the process. Our next critical step is to get the protocol into practice and used in the real world,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and California Secretary for Environmental Protection Agency.

All Climate Action Reserve protocols are developed through a transparent process that includes public comment periods and collaboration with a multi-stakeholder workgroup. The Forest Project Protocol workgroup included representatives from diverse and numerous stakeholders in the forest sector. Version 3.0 of the protocol is the sum of nearly two years of work from this workgroup and over 300 pages of submitted public comments, and it exists as a living document. The end goals were to create guidelines that provide accurate and comprehensive direction for accounting greenhouse gas (GHG) offsets from forest projects and realistic implementation in real world practices.

“Forests play a critical role preserving environmental quality and mitigating climate change. But they have to be managed carefully and responsibly. That’s why it’s critical to have a rigorous standard that can be applied nationally. The Forest Project Protocol has the advantage of being developed jointly by diverse groups with interest and expertise in forests. Environmental Defense Fund enthusiastically endorses the adoption of the Forest Project Protocol which will encourage a host of projects that provide multiple environmental benefits,” said Eric Holst Managing Director of the Center for Conservation Incentives, Environmental Defense Fund.

Several other companies have already indicated they are ready to utilize the Forest Project Protocol in their business activities. The Climate Action Reserve has been notified of potential forest projects in several states across the country that will be submitted for listing.

“As a leading investor in forest carbon projects, Equator LLC offers its strong support for the adoption of the Forest Project Protocol by the Climate Action Reserve. This protocol represents an important advancement in forest offset development and will drive investment into critical early action projects,” said Eron Bloomgarden, President, Environmental Markets of Equator LLC.

Like all Climate Action Reserve protocols, the Forest Project Protocol version 3.0 provides guidance for development of high quality offset projects and resulting credits. High quality is defined as being real, additional, permanent, verifiable and enforceable. Key updates to the Forest Project Protocol version 3.0 include:

  • Expanded applicability so the protocol may be used with projects throughout the U.S.
  • Standardized requirements and improved guidance for estimating baselines for reforestation, improved forest management and avoided conversion projects
  • An option for registering reforestation projects on lands that have recently undergone a significant natural disturbance
  • Explicit requirements and mechanisms to ensure permanence of credited GHG reductions
  • Improved requirements for more comprehensively addressing leakage
  • Requirements and guidance for accounting for carbon in harvested wood products
  • Refinement of the definition of “natural forest management”

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Steven Corneli and Tim Profeta elected to Climate Action Reserve Board of Directors

Monday, July 6, 2009

Corneli and Profeta provide wealth of climate change experience from academic and business perspectives

SACRAMENTO, CA – The Climate Action Reserve, a nonprofit organization working to ensure environmental benefit, integrity and progressive movement in greenhouse gas (GHG) emissions reductions and policies, today announced Steven Corneli, Senior Vice President of Market and Climate Policy at NRG Energy, and Tim Profeta, Director of the Nicholas Institute for Environmental Policy Solutions and Senior Associate Dean at Duke University, have joined the prominent climate leaders on the Reserve’s Board of Directors. The addition of Steven’s energy experience and Tim’s academic thought-leadership bring new perspectives to further diversify the environmental, finance and industry representation on the Reserve’s Board.

“As the implications of climate change are felt by communities and industries throughout North America, the Reserve is advancing climate solutions with an expanded Board that reflects the continent’s geographic diversity and varied perspectives,” said Linda Adams, Secretary of California EPA and Chair of the Climate Action Reserve. “I am confident Steve and Tim’s insight and expertise will greatly enrich the Board’s ability to guide the Climate Action Reserve as it produces regulatory-quality guidelines to ensure transparency and credibility in the development and verification of GHG emissions offset projects.”

Steven Corneli brings an extensive history of energy and climate policy experience to the Reserve. As NRG Energy’s Senior Vice President of Market and Climate Policy, he is responsible for developing and advancing the company’s positions on climate change policy and integrating emerging climate policies with NRG’s commercial, power development, and energy market activities. As a nationally recognized leader in energy policy, Steven has effectively built coalitions to design, strategize and advocate for climate policy legislation while driving NRG Energy to adopt a comprehensive and profitable plan for decarbonizing its portfolio.

“As the U.S. moves to develop and implement an integrated national approach to address global warming, the availability of high quality offsets will be crucial to environmental and economic sustainability,” said Steve. “As a leading developer of standards to assure both the quality and commercial viability of offsets, the Climate Action Reserve has an important role to play in the transition from regional and voluntary emission reduction efforts to a unified market-based national policy. I am excited by the opportunity to participate with the Climate Action Reserve during this important transition.”

Tim Profeta offers an academic perspective to the Reserve Board with his exceptional and distinguished career in environmental policy research and advocacy. As the Director of the Nicholas Institute for Environmental Policy Solutions at Duke University, he addresses the world’s most pressing environmental problems through scientifically grounded nonpartisan research, analysis and education. Tim leads the Institute’s efforts to develop innovative, practical and effective solutions to share with decision makers in the public and private sectors. Prior to the Institute, Tim served as Counsel for the Environment to Senator Joseph Lieberman and while in this position was the principal architect of the Lieberman-McCain Climate Stewardship Act of 2003.

“There has never been a more pivotal moment than ours in the history of climate change. And the role of offsets — for both environmental protection and economic protection — has only grown more critical to the emergence of a federal policy in the U.S. The Climate Action Reserve is helping us build an offsets regime that we can have confidence in and that will serve these twin goals. I am delighted to take on this role with the organization,” said Tim.

The Climate Action Reserve Board of Directors reflects the diverse interests in the carbon market and includes distinguished leaders in finance, industry, environmental policy and now academia. The varied representation throughout sectors ensures that the Reserve’s programs benefit from widespread expertise. In addition to Steve and Tim, Chair Linda Adams is supported on the Board by:

  • Randy Armstrong, Environmental Issues Director for Shell Oil Company
  • Kathleen Brown, Head of Public Finance for the West, Goldman Sachs & Co
  • Jeffrey Kightlinger, General Manager, Metropolitan Water District of Southern CA
  • Dr. Adrían Fernández Bremauntz, President, National Institute of Ecology, Mexico
  • Peter Liu, Founder & Vice Chairman, New Resource Bank
  • Nancy McFadden, Senior Vice President of Public Affairs, PG&E Corporation
  • Peter M. Miller, Senior Scientist, Natural Resources Defense Council
  • Fabian Nuñez, Former Speaker Emeritus, California State Assembly
  • Jan Schori, General Manager, Sacramento Municipal Utility District
  • Carl Zichella, Regional Director, Sierra Club

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Climate Action Reserve expands into international offset projects

Monday, July 6, 2009

Premier offset registry adopts two new protocols that will bring high quality offset credits from Mexico into the US carbon market

SACRAMENTO, CA – Making its first expansion into international carbon offset projects, the Climate Action Reserve adopted the Mexico Landfill Project Protocol version 1.0 and the Mexico Livestock Project Protocol version 1.0. The protocols, which are available for use now, provide new means for bringing international offset credits into the U.S. market and building the number of credits available in the current voluntary market and potentially in regulated markets. They also ensure these international offsets coming into U.S. markets pass the Big Five Test of being real, permanent, additional, verifiable and enforceable.

“There is tremendous potential for offset reduction projects in Mexico to play a very notable role in the American carbon market. The Climate Action Reserve’s Landfill and Livestock Project Protocols for Mexico represent a significant opportunity for Mexico to generate high quality offsets according to rigorous standards, thereby having a real effect on addressing climate change, and I am pleased they have been adopted,” said Adrián Fernández Bremauntz, President of the National Institute of Ecology (INE) in Mexico.

The protocols allow landfill and agriculture methane destruction projects in Mexican states to be registered with the Reserve, the premiere offset registry for the North American carbon market. They were developed in response to a Memorandum of Understanding (MOU) signed in August 2008 by the six Mexican border states, the State of California, Pacific Gas & Electric Company and the Climate Action Reserve. Under the MOU, the signatories agreed to work cooperatively to develop quantification and verification protocols for greenhouse gas (GHG) emission reduction projects in Mexico and that the Climate Action Reserve would develop protocols applicable to offset projects in Mexico.

Methane is over 21 times more destructive to the environment than carbon dioxide. Under the protocols, methane is captured and destroyed in practices that are additional to business as usual.

“Offset credits from international greenhouse gas reduction projects are going to be essential to the U.S. reaching its national climate change goals and mitigating climate change’s destructive and irreversible effects. It is critical that these offsets meet comprehensive standards for high quality, and that they do not falsely claim to reduce emissions. I am proud to see the Climate Action Reserve’s protocols for Mexican landfill and livestock projects establishing the early groundwork for this,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

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Climate Action Reserve exceeds one million offset credits issued

Thursday, June 4, 2009

Milestone is predictive of future Reserve development and carbon market trends

LOS ANGELES, CA – The Climate Action Reserve, the premier offset registry for the North American carbon market, announced it has issued over one million carbon offset credits, known as Climate Reserve Tonnes (CRT). This marks a milestone accomplishment for the Reserve, which was launched in May 2008, and serves as an indicator of the program’s future growth and what role it may play in the development of carbon markets.

Currently, 1,271,714 CRTs have been issued from six registered projects, and another 54 projects have been submitted or listed with the Reserve. The projects are located in a total of 26 states across the U.S. And, 101 project developers, traders, brokers, retailers, verification bodies and other buyers are account holders.

“The success of this offsets program is tremendous and signals the important role the Climate Action Reserve will play once California and the federal government establish a cap-and-trade program,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency. “This shows important movement in the knowledge the public has about climate change and the motivation to change their environmental impact.”

The numbers also are indicative of how the Reserve may influence future market trends and fulfill offset needs in the voluntary market and regulated cap-and-trade programs.

“A cap-and-trade program along the lines of the Waxman-Markey bill would create annual demand for several hundred million tonnes of emissions reductions by 2015 with offset credits such as those created by the Reserve playing an important role. Hence, passing the one million offset credits issued is a crucial milestone in the development of the market,” said Milo Sjardin, Head of North America for New Carbon Finance.

The Reserve issues CRTs only to offset projects that are registered with it. The registered status means a project was inspected by an independent, third-party verification body and found to adhere to the criteria established in the respective Climate Action Reserve protocol and this verification finding and project documentation were reviewed and accepted by the Reserve. The Conservation Fund’s Big River/Salmon Creek Forests project was one of the recent registered projects that pushed the total issued CRT tally beyond one million and also is the largest Reserve project to date with 366,827 CRTs issued for 2008.

“As the fate of our earth’s climate takes on increasing urgency, we must take consistent, concerted action,” said Chris Kelly, California program director for The Conservation Fund, a national nonprofit. “At The Conservation Fund, we believe that partnering with leaders such as the Climate Action Reserve is the best path forward. The Reserve’s high standards for verification ensure that its projects make a real and lasting positive impact on our environment.”

The Conservation Fund is dedicated to advancing America’s land and water legacy and has actively worked towards bettering forest management to create environments beneficial for all – fish, forests, local communities and the climate.

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Federal Mexican government official elected to Climate Action Reserve Board of Directors

Thursday, April 30, 2009

New seat adds international influence in development of the Reserve and its protocols, projects

LOS ANGELES, CA – The Climate Action Reserve, a private nonprofit organization working to ensure environmental benefit, integrity and progressive movement in greenhouse gas (GHG) emissions reductions and policies, announced Adrián Fernández Bremauntz, President of the National Institute of Ecology (INE) in Mexico, was elected to the organization’s Board of Directors. His participation adds an international influence to the future development of the Climate Action Reserve and an invaluable resource to advise on the environmental benefit the Reserve’s protocols and projects could provide in Mexico.

Dr. Fernández has an extensive and distinguished career in environmental protection in Mexico and abroad. Since 1995, he has served in senior positions at the Mexican Environment Secretariat, including General Director for Environmental Management and Information (1995-2000) and General Director for Research on Urban, Regional and Global Pollution (2001-2005). He also was a member of the Bureau for Latin America at the Commission for Sustainable Development. For many years, he represented Mexico at the Organization for Economic Cooperation and Development (OECD) Environmental Performance of Countries work group, and he is now a member of the Climate Change Annex I Expert Group also at the OECD. His Climate Change team at INE is responsible for preparing Mexico´s National Greenhouse Gases Inventories and National Communications that are submitted to the United Nations Convention on Climate Change.

In March 2005, Dr. Fernández was appointed President of the National Institute of Ecology, the research and think tank agency within the Environment Secretariat in Mexico, and he reports directly to Juan Rafael Elvira Quesada, Secretariat of Environment and Natural Resources. He has a B.S. in Biology in Mexico and Masters Degree and a PhD from Imperial College in the UK.

“We are extremely honored and pleased to have a person of Dr. Fernández’s expertise and standing elected to the Climate Action Reserve Board of Directors. His distinguished career, knowledge of environmental protection and experience with Mexican and global environmental issues will greatly enrich the Board’s ability to guide the Climate Action Reserve in its mission and addressing the global issue of climate change. As we look immediately at the environmental benefit of expanding the Reserve’s protocols and projects into Mexico, we could not have better counsel than that of Dr. Fernández,” said Linda Adams, Secretary, California Environmental Protection Agency and Chair of the Climate Action Reserve.

Climate Action Reserve becomes parent organization to the California Climate Action Registry and two other programs

Thursday, April 2, 2009

New organizational structure supports national and international growth

SAN DIEGO, CA – The Climate Action Reserve announced it has become the successor organization to the California Climate Action Registry, formerly a private nonprofit organization committed to solving climate change through emissions reporting and reduction. The Reserve has now filled the role of being the parent organization – with private nonprofit status – working to ensure environmental benefit, integrity and progressive movement in greenhouse gas (GHG) emissions reductions and policies, and the California Climate Action Registry is a program under its umbrella.

The organizational evolution is the final step in the process of transitioning the California Registry out of GHG emissions inventory reporting. Any success in reporting and reducing emissions must be based on consistent data in an integrated system that stretches beyond California’s borders, and to support this, the California Registry is transitioning all emissions reporting to its sister organization, The Climate Registry. However, the California Registry will continue operating as a program under the Reserve that supports its members and represents them to the State of California.

In addition to the California Registry, two other programs belong to the Climate Action Reserve. The Center for Climate Action program operates under the mission of advancing climate policy. The Climate Action Reserve program was launched May 2008 and is the premiere carbon offset registry for the U.S. carbon market. Under the scope of the Climate Action Reserve parent organization, these programs are able to operate on national and international levels. This is a reach unable to be attained previously.

The introduction of the Climate Action Reserve nonprofit organization is a milestone event. It illustrates expansion of our mission and goals and the recognition of our work. It also represents a new world of opportunity in which high standards for environmental benefit, integrity and credibility are ensured in an offset market across the U.S. and beyond its borders,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

The Climate Action Reserve is a U.S. private nonprofit organization representing international interests in addressing climate change and bringing together participants from the government, environment and business sectors. It works to ensure environmental benefit, integrity and transparency in greenhouse gas (GHG) emissions accounting and reduction and progressive movement in GHG emissions policy nationally and in the Western U.S. The Climate Action Reserve is parent to three programs, the California Climate Action Registry, Climate Action Reserve and Center for Climate Action. As the subsequent organization of the California Climate Action Registry, the Climate Action Reserve continues building on the California Registry’s reputation as a respected and internationally recognized leader in climate change issues.

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Environmental organizations line up behind the Climate Action Reserve

Thursday, April 2, 2009

Jointly signed letter singles out the Reserve for unmatched credibility and transparency; commitment to strong environmental safeguards

SAN DIEGO, CA – The Climate Action Reserve, the premiere carbon offset registry for the North American carbon market, announced it earned a letter of support from some of the country’s most respected environmental organizations. The announcement was made at the Navigating the American Carbon World conference here, amidst forecasts for the linking of certain regulatory-quality voluntary offsets programs in the U.S. with a future mandatory U.S. offset program.

The letter represents an unprecedented and unique honor. It states collective support for the establishment of the Climate Action Reserve to measure, track and report greenhouse gas (GHG) emissions reduction projects in North America for use as voluntary emissions offsets. While the signatory organizations do not endorse the use of offsets for compliance with regulatory markets, they single out the Climate Action Reserve for its credibility, transparency and commitment to strong environmental safeguards.

The high degree of credibility and transparency achieved by the Reserve is currently unmatched by any other registry. Therefore, we believe that the Reserve currently provides the best available option for project developers, and consumers in the voluntary offsets market.

The letter signatories include:

  • Connie Best, Managing Director
    The Pacific Forest Trust
  • Bernadette Del Chiaro, Director Clean Energy and Global Warming Programs
    Environment California
  • Peter Miller, Senior Scientist
    Natural Resources Defense Council
  • David Moulton, Director Climate Policy and Conservation Funding
    The Wilderness Society
  • Erin Rogers, Western Region Climate Campaign Manager
    Union of Concerned Scientists
  • Rob Sargeant, Energy Program Director
    Environment America
  • Carl Zichella, Director of Western Renewable Programs
    Sierra Club

“These environmental organizations recognize that while voluntary emissions offsets are not adequate to stopping global warming on their own, they are an important part of the solution as they can deliver environmental benefits above and beyond mandatory limits. Considering this, we felt it was important to recognize and support a program that we believe ensures that offsets actually achieve true environmental benefits,” Miller said.

“We are truly honored to be supported by some of the most notable and highly respected individuals and organizations in the environmental movement today. Through public involvement, transparent processes and wide-industry participation, we have established the Climate Action Reserve as an offsets program that provides environmental benefit, integrity and credibility while still encouraging financial value in the voluntary offset market. This letter of support provides tremendous validation of this work, and we will strive to continue to raise these standards as we expand our offset protocols across North America,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors and Secretary of the California Environmental Protection Agency.

The Climate Action Reserve is a U.S. private nonprofit organization representing international interests in addressing climate change and bringing together participants from the government, environment and business sectors. It works to ensure environmental benefit, integrity and transparency in greenhouse gas (GHG) emissions accounting and reduction and progressive movement in GHG emissions policy nationally and in the Western U.S. The Climate Action Reserve is parent to three programs, the California Climate Action Registry, Climate Action Reserve and Center for Climate Action. As the subsequent organization of the California Climate Action Registry, the Climate Action Reserve continues building on the California Registry’s reputation as a respected and internationally recognized leader in climate change issues.

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Climate Action Reserve makes milestone expansion of carbon credit program

Monday, March 23, 2009

New York landfill becomes first carbon reduction project to earn credits outside of California

LOS ANGELES, CA – The Climate Action Reserve, CCAR’s premiere carbon offset registry for the US carbon market, announced that it has issued its first carbon credits for a project located outside of California. These credits, known as Climate Reserve Tonnes (CRT), also represent the first to be issued under the Climate Action Reserve’s Landfill Project Reporting Protocol. This is a milestone expansion of its program of credits, which meet the highest standards for quality and integrity.

The credits were issued to the Development Authority of the North County (DANC) Landfill Gas Destruction Project. The project, located in Rodman, New York, is a sanitary landfill that combusts and generates electricity from food waste, garden and park waste, wood, paper and textiles, plastics, concrete, metal and other inert waste. Detailed information regarding the project is available on the Climate Action Reserve website.

“We are pleased to see the Reserve has issued credits to the DANC landfill project,”

said Ron Luhur, Carbon Markets Specialist for Environmental Defense Fund (EDF).

“After rigorously reviewing more than 70 projects against our quality criteria for credible offsets, the DANC is one of 11 projects featured on CarbonOffsetList.org, EDF’s independent guide to credible offset projects. These selected projects were reviewed by a committee of independent experts and thought leaders in science, engineering and public policy.”

The DANC Landfill Gas Destruction Project qualifies for CRTs under the Landfill Project Reporting Protocol, which provides guidance to quantify and report GHG emission reductions associated with installing a landfill gas collection and destruction system at landfill operations. Like all of the Climate Action Reserve’s protocols, the Landfill Project Reporting Protocol was developed through a thorough, transparent process and upholds its projects to the highest standards. The quality and credibility of the protocol help influence CRTs’ high market selling prices.

“We are extremely pleased to announce the first CRTs issued both outside of California and under the Landfill Project Reporting Protocol. The DANC project represents the first of many upcoming projects that are going to expand the Reserve’s geographic reach and influence on a wide variety of high-quality, environmentally-sound carbon reduction projects,”

said Linda Adams, Chair of the CCAR Board of Directors and Secretary of the California Environmental Protection Agency.

“The project also represents a significant achievement toward our goal of 1.5 million real, permanent, and additional credits issued within the Reserve’s first year of operation.”

The Climate Action Reserve is a program of the California Climate Action Registry that provides accurate and transparent measurement, verification and tracking of greenhouse gas reduction projects and their inventories of Climate Reserve Tonnes (CRTs), assuring a high degree of environmental integrity in the voluntary carbon reduction market. For additional information, please visit http://www.climateregistry.org/reserve.

The California Climate Action Registry is a private nonprofit organization committed to solving climate change through emissions reporting and reduction. It serves as a voluntary greenhouse gas (GHG) registry for entity-wide emission inventories and also establishes protocols for GHG emission reduction (offset) projects through its Climate Action Reserve program. The protocols are created through a rigorous, transparent process and are widely regarded as among the highest quality standards for offset projects. The Climate Action Reserve also accredits and oversees independent verifiers and tracks the transactions of project offset inventories, adding confidence and credibility to the voluntary carbon market. The accuracy, transparency and integrity of all of the California Registry’s standards have earned it the reputation as a respected and internationally recognized leader in climate change issues.

The California Climate Action Registry was originally formed by the State of California in 2001 and is headquartered in Los Angeles, California. For additional information, please visit www.climateregistry.org.