Derik Broekhoff Climate Action Reserve by x7lpXA6w

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									California Cap-and-Trade

Compliance    Year     Cap on Emissions      Maximum Allowed
  Period             (Million Tonnes CO2e)   Offsets (Millions)
             2013            163                   13.0
   1st
             2014            160                   12.8
             2015            395                   31.6
   2nd       2016            382                   30.6
             2017            370                   29.6
             2018            358                   28.7
   3rd       2019            346                   27.7
             2020            334                   26.7
                                   TOTAL:          200.7


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Initial Offset Project Types

• U.S. Forestry
   – Reforestation
   – Improved Forest Management
   – Avoided Conversion
• U.S. Urban Forestry
• U.S. Livestock Methane
• U.S. Destruction of Ozone Depleting Substances (ODS)


• Placeholder for International “Sector-Based Crediting”

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