Californian ARB Emissions Trading Program

Citola provides client access to a long-term fixed price provision of REDD carbon offsets eligible in the Californian carbon market.  Citola REDD carbon forestry projects are independently verified and developed to according to the Verified Carbon Standard (VCS).

Citola manages the entire carbon offset origination, management and delivery process and works with clients to understand their specific requirements, timelines and governance objectives in-order to provide carbon products with an appropriate fee/investment structure.

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About the Californian ARB Emissions Trading Program

The Californian Environmental Protection Agencies' Air Resources Board (ARB) Emissions Trading Program is a cap-and-trade program that creates a framework for companies to buy and sell carbon permits thereby providing an incentive to emit fewer greenhouse gases and reduce Californian carbon output 15% by 2020 compared to current levels. The Californian carbon market is predicted to be the second-largest carbon market globally after the European Union’s Emission Trading System.

The scheme will cover 350 businesses representing 600 facilities and be deployed in two phases: in 2012 all major industrial sources and utilities will be covered and by 2015 distributors of transportation fuels, natural gas and other fuels will be included.

Forestry and the Californian Carbon Markets

The Californian Carbon Market will likely rely extensively on forest carbon offsets where only domestic US forestry, ODS (destruction of Ozone Depleting Substances) and international lREDD projects can deliver the volume required. Analysts have predicted that REDD is likely to supply 25% of the market with US domestic forestry and REDD having the potential to capture a 50% share of the California offset market through 2017 and a higher market share thereafter.

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