Early Action Offset Credits under the California emission trading scheme – watch the dates!
- Category: Offsets
Do credits issued between 2001 and 2004 qualify as ‘Early Action Offset Credits’ under the California cap-and-trade?
Register of Australian offsets projects – useful tool for potential ACCUs buyers
- Category: Offsets
Among purposes of the Register is to assist the public and carbon markets to make informed judgements as to the integrity of Australian carbon credit units (ACCUs) issued under the scheme as well as to allow potential buyers to locate potential sources of ACCUs and to identify projects with attributes that may be of interest to the buyer. The interesting feature of the Registry arrangements is, however, project proponents can request that information about the project area not be included on the Register.
The separate issue is the transparency of the information on ACCU units. Administrator must publish on its website the name of each person that receives ACCUs and the total number of credits issued, as soon as practical after the ACCUs are issued.
Exchange of Australian carbon credit units for Kyoto units
- Category: Offsets
Australian carbon credits are traded at a price multiple times higher than the current price of U.N. carbon offsets. Kyoto ACCUs may theoretically be exchanged for Kyoto units, the opposite direction exchange swap is, unfortunately, not possible.
CO2 transfer pursuant to the M&R Regulation under EU ETS rules
- Category: General
It is to be underlined that under the EU ETS rules the subtraction of CO2 from installation’s emissions, which is associated with the transfer of CO2 out of the installation, is allowed only in exhaustively-listed three situations.
Ensuring the permanence of credited GHG reductions and GHG removal enhancements of the forest project in the California carbon offsets market
- Category: Offsets
Permanence is generally a subjective and an abstract notion, but considering legal categories it is simply measured as 100 years.
Disclosure of corporate associations under the California cap-and-trade
- Category: California cap-and-trade
Among specific legal effects of the existence of corporate associations between entities registered with the California cap-and-trade program are the obligation for the disclosure of these associations to the California regulator of the scheme (Air Resources Board) and the consolidation of accounts for corporate associations (there is, however, possibility for opt-out of consolidation).
It is noteworthy that while the former of the above obligations covers direct as well as indirect associations, the latter relates only to the direct ones. Direct associations are also relevant for calculation of auction purchase limits and holding limits.
The criteria for differentiation between both forms of corporate associations in the meaning of the California cap-and-trade regulations, the extent and timelines for the discharge of the above obligations and other related specificities (in particular the influence on auction purchase limit and holding limit) are set out below.
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