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New Greenhouse Gas Exchange Launched

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California Air Districts provide new platform for GHG reductions.

 

The California Air Pollution Control Officers Association (CAPCOA), representing California’s 35 local air districts, has launched the CAPCOA Greenhouse Gas Reduction Exchange.  The Exchange provides a reliable, low-cost, secure platform to encourage locally generated, high quality GHG emission reduction credits that can be used to meet CEQA or other compliance requirements.

The CAPCOA GHG Rx has three main functions: 

(1) A listing of credit projects that have or will generate GHG credits from voluntary projects in the state;

(2) Posting of funding opportunities available for a variety of projects that can benefit climate change and air pollution efforts; and

(3) A bulletin board for posting information such as interest in purchasing GHG credits, interest in partnering with others on GHG reduction projects, and other related topics. 

Emission reductions quantified using CAPCOA approved protocols will be the result of voluntary emission reduction projects in California. Compliance with mitigation requirements under the California Environmental Quality Act (CEQA) is likely to be the largest market for GHG credits on the CAPCOA GHG Rx.  

CAPCOA is an Association of Air Pollution Control Officers representing all thirty-five local air quality agencies throughout California and is dedicated to protecting the public health and providing clean air for all our residents and visitors to breathe.

Find out more: Public workshops will be taking place throughout California. 

On January 21, 2014 the Bay Area Air Quality Management District will host a public workshop of the Greenhouse Gas Reduction Exchange.  To attend in person, please RSVP to Abby Young at ayoung@baaqmd.gov.  The workshop will also be webcast, with the webcast link available on the Air District’s website homepage the morning of the 21st.  Workshop agenda available here.

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