Comment Log Display

California Air Resources Board
Kevin M. Kennedy
Assistant Executive Officer – Climate Change
1001 I Street
Sacramento, CA 95812

August 11, 2011

Dear Mr. Kennedy:

We appreciate the opportunity to comment on the California Air
Resources Board’s proposed Cap and Trade Regulation and Protocol
for U.S. Forest Projects under AB32. This effort is extremely
important given the state’s and ARB’s leadership in climate policy
design and implementation.  

Moreover, the need for sufficient supply of offsets to “bridge the
gap” while low-carbon energy and industrial solutions are further
deployed makes a well-designed regulatory framework that fosters
market development and implementation of multiple project types
even more critical.  We believe the attached comments, which focus
on the provisions surrounding the use of forest-based offsets, help
further that broadly shared goal.

Established in 2001, Blue Source has developed the largest
portfolio of carbon credits and projects in North America, and
transacted over 20 million tonnes in voluntary and compliance
carbon markets.   We are developing forest projects under multiple
protocols and registries, and have registered and sold CRTs from
the first CAR forest project outside California, verified under
Forest Project Protocol 3.1.  

We look forward to providing ongoing support to the Air Resources
Board on forestry and other project types, as well as broader cap
and trade initiatives.  Please contact us if there is any
clarification or additional information we can provide.

Sincerely,

Jeff Cole
Vice President
415-637-5333
jcole@bluesource.com