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The objective of the SoCal Climate Solutions
Exchange is to ensure real, surplus, verifiable greenhouse gas (GHG) reductions from
voluntary, early actions. This will provide incentives for local
investments and assist local businesses in capturing voluntary early GHG
reductions. Incentives will be developed for projects in environmental
justice areas, and any co-pollutant benefits from GHG reduction projects will be
retained locally.
Development of the SoCal Climate Solutions Exchange
will require criteria and procedures for the Governing Board to approve
quantification protocols, and enabling rules for reduction generation,
certification, registration, and exchange. An Air Quality Investment
Program
is also envisioned. Administrative procedures and fees will also need to be
specified.
A Technical Advisory Group has been formed to
assist staff in developing the initial concepts. A
White Paper (PDF - 233 k) was
developed and presented at the June 6, 2008 Governing Board meeting.
The White Paper provided background information on climate change, the
benefits that could be realized from the SoCal Climate Solutions Exchange
and staff's initial concepts for the program. The Governing Board
directed staff to initiate formal rule development. Staff will work
with the Governing Board's Climate Change Committee and will continue
working with the Technical Advisory Group and others to develop
draft rules
for the Board's consideration in September or October, 2008.
Meetings
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2008 |
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Meeting Dates |
Agenda and
Handouts |
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Mar 19 |
 |
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Apr 2 |
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Apr 23 |
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May 22 |
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Oct 2 |
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For questions, comments or further information on the SoCal Climate
Solutions Exchange, please contact Jill Whynot, Director of Strategic
Initiatives, at jwhynot@aqmd.gov or
(909) 396-3104.
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