First Name: | Timothy |
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Last Name: | Brown |
Email Address: | tbrown@tradewater.us |
Affiliation | Tradewater, LLC |
Subject | Support of Carbon Offset Provisions of Cap-and-Trade Program |
Comment |
Tradewater, LLC, strongly encourages the Air Resources Board to maintain the current 8% offset usage limit post-2020, and to continue to permit the reduction of greenhouse gasses through verifiable offset projects throughout the United States. Tradewater is an offset project development firm based in Chicago. We have developed a program that collects and destroys chlorofluorocarbon refrigerants from California and across the United States. We have also just completed the first reporting period for a project that is preventing methane from being released into the atmosphere from an abandoned mine. Our staff have engaged in projects that have resulted in the destruction of approximately 1,000,000 tons of greenhouse gasses - all because of the California offset program. The inclusion of offsets in the California program is essential to its success. California cannot avoid the devastating impacts of climate change if it acts alone. Carbon is a global pollutant and climate risk to California is not jurisdictionally constrained to reductions within the state. This means that California benefits even when offset projects lead to reductions in other parts of the United States. And it also means that California needs the rest of the country – and the world – to join its efforts in order to prevent the harms of global warming. The offset provisions of the Cap-and-Trade program have stimulated innovation and investment that has removed over 24 million metric tons of CO2e in the form of emissions reductions and sequestration in the form of compliance offset credits since 2013. This is an important accomplishment that will only grow as the California program continues. Curtailing the use of offsets will dampen the investment in projects that are essential to addressing climate change. |
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Original File Name:
Date and Time Comment Was Submitted: 2016-11-04 14:27:20 |
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