| Comment | ARB is considering allowing up to eight percent of the required
greenhouse gas (GHG) emissions reduction to be met through the
purchase of offset credits. Experience has shown that many of the
mechanisms used to calculate the effectiveness of offset credits
are non-transparent, non-scientific, and rife with fraud,
especially in developing nations. What sort of comprehensive
auditing mechanism will ARB put in place to ensure that offset
credits are truly “real, permanent,
verifiable, enforceable, quantifiable, and additional”? If an
offset credit is purchased and allowed, then it is later discovered
that the offset credit purchased was not effective, or the foreign
government was engaging in fraud, what mechanism will ARB use to
make the system whole? Will the ARB audit offset credits? Has the
cost of oversight for offset credit auditing been considered?
|
|---|