An Offset Project Operator or Authorized Project
Designee must ensure the requirements for ARB offset credits and registry
offset credits are met as follows:
(a)
A registry offset credit must:
(1) Represent a
GHG emission reduction or GHG removal enhancement that is real, additional,
quantifiable, permanent, verifiable, and enforceable;
(2) Result from the use of a Compliance
Offset Protocol that meets the requirements of section
95972 and is adopted by the Board
pursuant to section
95971;
(3) Result from an offset project that meets
the requirements specified in section
95973;
(4) Result from an offset project that is
listed pursuant to section
95975;
(5) Result from an offset project that
follows the monitoring, reporting and record retention requirements pursuant to
section
95976;
(6) Result from an offset project that is
verified pursuant to sections
95977 through
95978; and
(7) Be issued pursuant to section
95980.1 by an Offset Project
Registry approved pursuant to section
95986.
(b) An ARB offset credit must meet the
requirements in sections
95970(a)(1) through
(a)(6) and:
(1) Be issued pursuant to section
95981.1;
(2) Be registered pursuant to section
95982; and
(3) When used for compliance under this
article, be subject to the quantitative usage limit pursuant to section
95854.
Notes
Cal. Code Regs. Tit. 17, §
95970
1. New
subarticle 13 (sections
95970-95988) and section filed
12-13-2011; operative 1-1-2012 pursuant to Government Code section
11343.4
(Register 2011, No. 50).
2. Amendment of section heading filed
6-26-2014; operative 7-1-2014 pursuant to Government Code section
11343.4(b)(3)
(Register 2014, No. 26).
Note: Authority cited: Sections
38510,
38560,
38562,
38570,
38571,
38580,
39600
and
39601,
Health and Safety Code. Reference: Sections
38530,
38560.5,
38564,
38565,
38570
and
39600,
Health and Safety Code.
1. New subarticle
13 (sections 95970-95988) and section filed 12-13-2011; operative 1-1-2012
pursuant to Government Code section
11343.4
(Register 2011, No. 50).
2. Amendment of section heading filed
6-26-2014; operative 7/1/2014
pursuant to Government Code section
11343.4(b)(3)
(Register
2014, No. 26).