Public comment period open for draft Nitric Acid Production Project Protocol Version 2.1 – comments due June 7

Public comment period open for draft Nitric Acid Production Project Protocol Version 2.1 – comments due June 7


Climate Action Reserve to Apply Carbon Offset Expertise to Climate Investment Market

Climate Action Reserve to Apply Carbon Offset Expertise to Climate Investment Market

Pioneering new program will provide industry’s first rating for greenhouse gas reductions of projects financed by climate investments

LOS ANGELES, CA – The Climate Action Reserve, an environmental nonprofit organization and North America’s premier carbon offset registry, announced it is currently developing a rating program to assess the greenhouse gas impact of climate investments. The program will first be applied to the rapidly growing green bonds market. As the market for green bonds and climate finance grows rapidly, the Reserve will apply its expertise as a trusted California offset registry to these important financial instruments.

When the Reserve launched its offsets program, the sector lacked a transparent and rigorous standard to measure greenhouse gas reductions from offset projects. Similarly, while there are a number of green bond rating systems, none directly quantifies greenhouse gas reductions. The Reserve’s climate investment rating will continue to work towards one of the organization’s fundamental goals of ensuring environmental benefit, integrity and transparency for market-based solutions to global climate change.

“Climate change is arguably the biggest challenge of our time,” said Craig Ebert, Vice President of Policy for the Reserve. “By quantifying the actual greenhouse gas impact of a bond offering and other financial instruments, we will provide a clear signal to the market that will help investors understand how their actions address the fight against climate change.”

Currently, the Reserve is collaborating with the Connecticut Green Bank and Rhode Island Infrastructure Bank to evaluate existing green bonds to ensure that its methodology is robust, transparent and most relevant to the financial community.  As with its work in the carbon offset market, the Reserve recognizes that collaboration with other experts and partners is critical to ensuring the development of a rating system that will meet the needs of financial stakeholders.

“We are excited to be collaborating with the Reserve in this important area,” said Mackey Dykes, Vice President, Commercial and Industrial Programs, Connecticut Green Bank. “Understanding the climate impacts of our investments is critically important to our investment strategy and our environmental goals.  The Connecticut Green Bank is happy to help foster greater transparency and rigor in the bond market on the most important environmental issue of our day.”

The Reserve began as the California Climate Action Registry, which was created by the State of California in 2001 to address climate change through voluntary calculation and public reporting of emissions. The California Registry helped over 415 leading California-based corporations, organizations, government agencies and municipalities to voluntarily calculate and publicly report their GHG emissions. Its established expertise in emissions accounting translated into expertise in emissions reductions accounting for the North American carbon market.  The transparent processes, multi-stakeholder participation and rigorous standards of the Reserve helped earn confidence that registered emissions reductions are real, additional, verifiable, enforceable and permanent. The Reserve’s expertise and insight helped inform the development of the State of California’s cap-and-trade program, which adopted several of the Reserve’s protocols for use in its regulation.


Grassland Project Handbook is now available to provide advice and assistance when initiating and developing grassland projects

Grassland Project Handbook is now available to provide advice and assistance when initiating and developing grassland projects


Mexico Forest Protocol Version 1.2, and new verification and quantification guidance are now available

Mexico Forest Protocol Version 1.2, and new verification and quantification guidance are now available


Two Leaders from California Receive the 2016 Mary D. Nichols Climate Action Champion Award from the Climate Action Reserve

Two Leaders from California Receive the 2016 Mary D. Nichols Climate Action Champion Award from the Climate Action Reserve

Prestigious annual award recognizes outstanding efforts to advance climate solutions

SAN DIEGO, CA  – The Climate Action Reserve, North America’s premier carbon offset registry, presented the 2016 Mary D. Nichols Climate Action Champion Awards during the Navigating the American Carbon World conference. The annual awards recognize outstanding leadership and deep commitment to the reduction of greenhouse gas emissions. For their efforts in the “fight” against climate change, the exemplary recipients receive a special championship title 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 2016 Climate Action Champions are true heroes for our planet. They have dedicated their lives to championing climate solutions, and worked unwaveringly over decades to build a clean energy future, advance air quality, and build a healthier and sustainable future,” said Linda Adams, Chair of the Climate Action Reserve Board of Directors.

The 2016 champions are:

Michael Gibbs – Michael Gibbs serves as Assistant Executive Officer at the California Air Resources Board.  As Assistant Executive Officer, and previously at the California Environmental Protection Agency, Mr. Gibbs has been a leading contributor to the development and implementation of the state’s cap-and-trade program.  His more than 30 years of experience have also included evaluating risks of sea level rise, developing and running programs to reduce methane emissions, supporting the development of the Montreal Protocol, contributing to the IPCC emissions inventory guidelines, and designing energy efficiency programs.

“I am honored to receive this award,” said Mr. Gibbs. “It is my privilege to be part of a team of dedicated professionals, in California and around the world, working to reduce the risk of climate change.”

Gary Gero – Gary Gero currently serves as a member of the Advisory Board of Directors for the Climate Action Reserve after retiring from his role as President in January 2016. During his nine years of leadership, Mr. Gero grew the Reserve into the leading offset project registry in North America, informed the development of California’s cap-and-trade program, and strengthened the environmental integrity and financial value of the North American carbon market. Prior to joining the Reserve, Mr. Gero managed environmental programs at the Los Angeles Department of Water and Power and the City of Los Angeles.

“I am so proud for the recognition and accept this award on behalf of all the great people with whom I have worked in the fight against global climate change,” said Mr. Gero.  “I am especially honored to have an award named for Mary Nichols, whose environmental leadership is a beacon to us all.”


Top Achievements in Carbon Offset Project Development Honored by the Climate Action Reserve

Top Achievements in Carbon Offset Project Development Honored by the Climate Action Reserve

SAN DIEGO, CA  – The Climate Action Reserve, North America’s premier carbon offset registry, presented the 2016 Project Developer of the Year Awards to carbon offset project developers that achieved the most emissions reductions, registered the most carbon offset projects, and registered the most new carbon offset projects during the past year. The awards recognize organizations for their leadership in advancing climate solutions and strengthening carbon markets through the development of successful carbon offset projects that achieve real, additional, and permanent emissions reductions.

“We are honored to present the Project Developer of the Year Awards in recognition of the largest contributions to the success of the voluntary and compliance carbon markets,” said Linda Adams, Chair of Award recipients have achieved significant emissions reductions to benefit our climate, fostered important environmental co-benefits for local communities and demonstrated the fiscal value and environmental integrity of market-based solutions to climate change.”

The 2016 Project Developer Award recipients are:

Camco International Group, in recognition of registering the most projects with the Climate Action Reserve in 2015, with 15 unique projects registered. Camco finances, develops, and operates clean energy and emission reduction projects that contribute to a sustainable future, with a focus on generating biogas from organic waste streams.  Camco operates one of the largest on-farm anaerobic digesters in the U.S.  It has generated offsets from mine methane, landfill gas, forestry and ODS project types and holds the largest portfolio of livestock projects in the California compliance market.

“The North American carbon offsets market is an important part of Camco’s business. We are pleased with the continued growth and success of our portfolio of offset projects and the ability of our team to register projects and issue offset credits in a timely fashion. This recognition by the Reserve is a testament to the hard work and expertise of Camco in developing a first-rate carbon offset project portfolio that has issued over one million California compliance offsets from twenty projects across the U.S,” said Charles Purshouse, Vice President, Carbon Services.

ClimeCo Corporation, in recognition of registering the most new projects (8) with the Reserve in 2015. ClimeCo Corporation is a developer, broker and advisor of both voluntary and compliance grade environmental commodity market products across numerous project types with specialized expertise in California cap-and-trade, voluntary market advisory and transactional services, and project financing of internal CO2 abatement systems.

“We’re pleased that the exponential growth of the ClimeCo Corporation is reflected in this recognition from the Reserve. Our team has worked tirelessly to bring new carbon offset projects to market, and we will continue to bring carbon market expertise together with comprehensive financing and project development to help realize real greenhouse gas emissions reductions and help organizations meet their carbon neutrality commitments,” said Bill Flederbach, President and CEO of ClimeCo.

Usal Redwood Forest Company, in recognition of registering the most offset credits with the Reserve in 2015 with 3,166,372 credits issued. The Usal Redwood Forest encompasses more than 49,000 acres of productive redwood/Douglas-fir forest located on the North Coast of California. In 2007, the Forest was acquired by the Redwood Forest Foundation, Inc (“RFFI”), a non-profit organization dedicated to acquiring, protecting, restoring and managing forestlands for the long-term benefit of the region’s citizens. Since acquisition of the Forest, RFFI has conducted extensive restoration and sustainably managed it to ensure carbon storage and fish and wildlife habitat.

“The Redwood Forest Foundation is honored to receive a Reserve Project Developer of the Year Award for our Usal Redwood Forest project. Usal, a working community forest with 3,166,372 credits issued in 2015, has one of the largest improved forest management carbon projects in the country. Together with the Reserve and our respected conservation finance advisory firm, U.S. Forest Capital, LLC, the Usal project is providing climate solutions by allowing our forest to grow,” said Mark Welther, President & CEO of the Usal Redwood Forest Company.


MEDIA ADVISORY:  Navigating the American Carbon World 2016 is taking place May 4-6 in San Diego, California

MEDIA ADVISORY: Navigating the American Carbon World 2016 is taking place May 4-6 in San Diego, California

MEDIA ADVISORY

Navigating the American Carbon World 2016, North America’s largest climate policy and carbon market conference, is taking place May 4-6 in San Diego, California

The Climate Action Reserve is pleased to present the 14th annual Navigating the American Carbon World (NACW) conference. As the nation’s longest running and most anticipated conference for discussing climate policy and carbon markets, NACW has a well-established history of providing the most comprehensive and up-to-date information on these topics. NACW 2016 will take a close look at domestic and international climate policy, carbon markets and green investments. Session topics include U.S. and North American climate policy, the road after Paris, the current status and future growth of California’s historic cap-and-trade program, other established and emerging carbon markets, the status of the Clean Power Plan, and green bonds.

The following leading climate professionals are confirmed to speak at NACW:

  • John Chiang, Treasurer, State of California
  • Glen Murray, Minister of the Environment and Climate Change, Ontario
  • Janet McCabe, Acting Assistant Administrator, EPA
  • Jason Weller, Chief, Natural Resources Conservation Service
  • Rodolfo Lacy, Undersecretary for Environmental Policy and Planning, Mexico Secretariat of Environment and Natural Resources
  • Mary Nichols, Chair, California Air Resources Board
  • Dirk Forrister, President and CEO, IETA
  • Diane Regas, Executive Director, Environmental Defense Fund
  • Ken Alex, Director, California Governor’s Office of Planning and Research

Event Details
What: Navigating the American Carbon World 2016
When: May 4 – 6, 2016
Where: Manchester Grand Hyatt San Diego, 1 Market Place, San Diego, California, USA, 92101

Website: www.nacwconference.com

About the Climate Action Reserve

The Climate Action Reserve is the most experienced, trusted and efficient offset registry to serve the carbon markets. With deep roots in California and a reach across North America, the Reserve encourages actions to reduce greenhouse gas (GHG) emissions and works to ensure environmental benefit, integrity and transparency in market-based solutions to address global climate change. The Reserve program promotes immediate environmental and health benefits to local communities and brings credibility and value to the carbon market. The Climate Action Reserve is a private 501(c)(3) nonprofit organization based in Los Angeles, California. For more information, please visit www.climateactionreserve.org.
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Grassland project monitoring report and monitoring plan templates now available

Grassland project monitoring report and monitoring plan templates now available

Developing Grassland Carbon Projects webinar on April 27 at noon PT

Developing Grassland Carbon Projects webinar on April 27 at noon PT

Protecting grasslands to protect our environment

Protecting grasslands to protect our environment

The Climate Action Reserve’s Grassland Project Protocol provides a standardized approach for quantifying, monitoring and verifying GHG emissions reductions from permanently preventing the conversion of grasslands to croplands in the U.S. The availability of this protocol means grassland owners and project developers have a standardized, streamlined and flexible way to earn offset credits that can be used in the voluntary carbon market now and potentially in California’s cap-and-trade program in the future. Additionally, adoption of the protocol brings co-benefits related to these projects, including the conservation of wildlife habitat, avoided soil erosion and increased area for open grazing. Check out our infographic to learn more about the Grassland Project Protocol. PDF | PNG

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