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Climate Action Reserve announced as approved Offset Project Registry for Washington’s cap-and-invest program
Leading global offset registry can now accept project submittals for the state’s compliance program
LOS ANGELES, CA – The Climate Action Reserve has been approved by the Washington State Department of Ecology (Ecology) to support the state’s cap-and-invest program as an Offset Project Registry (OPR). In this role, the Reserve will be accepting and reviewing submittals for offset projects to be used in the state’s compliance program.
The Reserve’s role in Washington’s program is similar to the role it plays as an OPR in California’s Cap-and-Trade Program, which the Reserve has supported and participated in since the initial development of the program. For both state compliance programs, the organization carefully reviews and approves offset projects to ensure adherence to the respective state’s standards before sending the projects on to the state for its review and issuance of compliance credits. Additionally, the Reserve’s voluntary offset protocols provided the foundation for five protocols adopted under California’s program and now four of those protocols – US Forestry, Urban Forestry, Livestock and Ozone Depleting Substances – are the initial protocols for Washington’s cap-and-invest program.
“The Climate Action Reserve is honored to be selected to support Washington’s cap and invest program. As indicated by the results of the initial auction, interest across Washington is very high to move aggressively to address the climate crisis. The Reserve stands ready to bring the highest quality carbon credits on the planet to Washington to support its ambitious climate goals,” said Craig Ebert, President of the Climate Action Reserve.
In 2020, Washington committed to becoming carbon neutral by 2050. The cap-and-invest program will be one important tool in the state’s toolbox for reaching this goal. Offset projects registered under the program are required to be real, quantifiable, verifiable, enforceable, additional and demonstrate direct environmental benefits to the state. In the first four-year compliance period of the cap-and-invest program, companies can use offset credits for up to five percent of their compliance obligation and an additional three percent with credits from projects on federally recognized Tribal lands.
The Climate Action Reserve is the most trusted, efficient, and experienced offset registry for global carbon markets. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high quality offset registry for voluntary carbon markets, it establishes rigorous standards and issues carbon credits under those standards. The Reserve also supports compliance carbon markets and serves as an approved Offset Project Registry for the State of California’s Cap-and-Trade Program. The Reserve is an environmental nonprofit organization headquartered in Los Angeles, California with satellite offices around the world. For more information, please visit www.climateactionreserve.org.
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Join us Friday, March 17, 9:00 am – 12:00 pm PT for the Low-Carbon Cement workgroup meeting 4
We’re developing a Guatemala Forest Protocol. Join us Wednesday, March 29, 2023 for the kickoff webinar!
Reserve launches process to develop China Adipic Acid Production Protocol
The Climate Action Reserve is excited to announce it is kicking off the development of the China Adipic Acid Production Protocol by incentivizing the installation of N2O abatement technology at adipic acid production facilities in China. Carbon offset credits issued under this protocol will financially support and incentivize the destruction of N2O rather than it being passively vented to the atmosphere.
The Climate Action Reserve is the most trusted, efficient, and experienced offset registry for global carbon markets. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high-quality offset registry for voluntary carbon markets, it establishes rigorous standards and issues carbon credits under those standards. The Reserve also supports compliance carbon markets and serves as an approved Offset Project Registry for the State of California’s Cap-and-Trade Program. The Reserve is an environmental nonprofit organization headquartered in Los Angeles, California with satellite offices around the world.
The China Adipic Acid Production Protocol, as with all Reserve protocols, will go through a transparent stakeholder driven protocol development process, comprised of expert technical workgroup drafting, ongoing public consultation, and a review of the protocol by the Reserve Board of Directors for adoption. The Reserve strongly encourages industry experts and participants, as well as local community stakeholders, to become involved in the protocol development process. Interested parties can contact [email protected] for more information.
Updates on the protocol development process can be found here.
气候行动组织（CAR） 启动制定中国己二酸碳减排方法学
气候行动组织很高兴地宣布，它将通过鼓励在中国的己二酸生产企业运用先进的N2O减排技术达到高效的减排目标来启动中国己二酸的碳减排方法学的制定。 基于该方法学认证发行的碳抵消信用可给减排项目提供财政上的支持，因此将积极促进中国目前大量排放的N2O被销毁。
气候行动组织是全球碳市场最值得信赖、最高效、最有经验的抵消注册机构。 作为碳核算的先驱，储备通过可靠的基于市场的政策和解决方案促进温室气体 (GHG) 排放的减少。 作为自愿碳市场的高质量抵消注册机构，它建立了严格的标准并根据这些标准颁发碳信用额度。 该注册机构还支持合规碳市场，并作为加利福尼亚州限额与交易计划的经批准的抵消项目登记处。CAR是一个环境非营利组织，总部位于加利福尼亚州洛杉矶，在世界各地设有办事处。
与所有 CAR的方法学一样，中国己二酸碳减排方法学将经历一个透明的利益相关者驱动的方法学开发过程，包括专家技术工作组起草、持续的公众咨询以及 CAR 董事会对方法学的审查直至批复。 CAR强烈鼓励行业专家以及所有利益相关者参与方法学制定过程。 有兴趣的人士可以联系 [email protected] 了解更多信息。
MiAMBIENTE and the Climate Action Reserve enter strategic collaboration to support strong development of Panama’s national carbon market
Alliance recognizes the Reserve as one of the most relevant and internationally recognized global offset registries
ANCÓN, PANAMÁ / LOS ANGELES, CA – The Ministry of the Environment of the Republic of Panama (MiAMBIENTE) and the Climate Action Reserve have entered a strategic collaboration to support the strong and successful development of a National Carbon Market in Panama. MiAMBIENTE selected the Reserve to collaborate with due to the organization’s status as one of the most relevant and internationally recognized offset registries.
“With these strategic alliances, MiAMBIENTE strengthens the capacities of the technical team that designs, implements and communicates national and international investment opportunities and project generation under the National Carbon Market,” said the National Director of Climate Change of the Ministry of Environment of Panama, Ligia Castro de Doens.
Through the strategic collaboration, MiAMBIENTE and the Reserve will partner on two initiatives. One is the development of a forest protocol specifically for forests and local communities in Panama that will be supported by the government for use in the country’s voluntary carbon market. The protocol will be modeled off the Reserve’s Mexico Forest Protocol, which currently is being used by roughly 200 ejidos and local communities and has generated social, economic and environmental benefits for those communities. The strong engagement from communities and local and national trust in the Reserve program are key components in the success and growth of projects developed under the Mexico Forest Protocol, which the Reserve and MiAMBIENTE hope to replicate by partnering together in creating a forest protocol for Panama.
The second strategic initiative will take place under a Memorandum of Understanding (MOU) signed by MiAMBIENTE and the Reserve. Under this partnership, the two will work together to develop Panama’s National Carbon Market. Reserve staff members will train members of the Ministry of Environment’s technical team on the organization’s program and specific protocols to be used in the National Greenhouse Gas Compensation System of Panama.
“It is a tremendous honor to be selected for such an important collaboration with MiAMBIENTE. Panama is strategically building the foundation for a strong National Carbon Market that will support the country’s local communities and also the country’s climate change goals. The work and success the Climate Action Reserve has experienced from its partnerships in Mexico were key to Panama choosing to work with us, and we are excited to work jointly with their team to achieve similar successes there,” said Craig Ebert, President of the Climate Action Reserve.
The Climate Action Reserve is the most trusted, efficient, and experienced offset registry for global carbon markets. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high quality offset registry for voluntary carbon markets, it establishes rigorous standards and issues carbon credits under those standards. The Reserve also supports compliance carbon markets and serves as an approved Offset Project Registry for the State of California’s Cap-and-Trade Program. The Reserve is an environmental nonprofit organization headquartered in Los Angeles, California with satellite offices around the world. For more information, please visit www.climateactionreserve.org.
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Join us Fri, Jan 20 for the Low-Carbon Cement Workgroup Meeting 2
Register now for NACW 2023, happening March 21-23 in Anaheim, CA, to learn, collaborate, and network on new policies and developments that will shape and scale carbon markets and climate solutions with integrity, ambition, and equity.
We’re developing a Dominican Republic Livestock Protocol to address GHG reductions associated with installing a manure biogas control system for livestock operations, such as dairy cattle and swine farms, in the Dominican Republic.