Cal. Code Regs. Tit. 17, § 95980 - Issuance of Registry Offset Credits
(a) One registry offset credit, which
represents one metric ton of CO2e for a direct GHG
emission reduction or direct GHG removal enhancement, will be issued pursuant
to section
95980.1 only if:
(1) An Offset Project Registry has listed the
offset project pursuant to section
95975;
(2) The GHG emission reductions or GHG
removal enhancements were issued a Positive Offset or Qualified Positive Offset
Verification Statement pursuant to sections
95977.1 and
95977.2; and
(3) An Offset Project Registry has received a
Positive Offset or Qualified Positive Offset Verification Statement issued and
attested to by an ARB-accredited verification body for the Offset Project Data
Report for which registry offset credits would be issued.
(b) An Offset Project Registry will determine
whether the GHG emission reductions and GHG removal enhancements meet the
requirements of section
95980(a), the
information submitted pursuant to section
95980(a) is
complete, and the Positive Offset or Qualified Positive Offset Verification
Statement meets the requirements of sections
95977,
95977.1, and
95977.2 within 45 calendar days of
receiving it.
(c) Determination for
Timing and Duration of Initial Crediting Periods for Offset Projects Submitted
Through an Offset Project Registry. The initial crediting period will begin
with the date that the first verified GHG emission reductions and GHG removal
enhancements occur, according to the first Positive Offset or Qualified
Positive Offset Verification Statement that is received by an Offset Project
Registry, unless otherwise specified in the applicable Compliance Offset
Protocol. An early action offset project that transitioned pursuant to the
Program for Recognition of Early Action Offset Credits is considered to have
begun its initial crediting period on the date that the first verified GHG
emission reductions and GHG removal enhancements under a Compliance Offset
Protocol took place according to the first Positive Offset or Qualified
Positive Offset Verification Statement that was received by ARB.
(d) Determination for Timing and Duration of
Renewed Crediting for Offset Projects Submitted through an Offset Project
Registry. A renewed crediting period will begin the day after the conclusion of
the prior crediting period.
Notes
2. Change without regulatory effect amending subsection (b) filed 2-15-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 7).
3. Amendment of subsection (c) filed 6-26-2014; operative 7-1-2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 26).
4. Amendment of subsection (c) filed 9-18-2017; operative 10-1-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 38).
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.
2. Change without regulatory effect amending subsection (b) filed 2-15-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 7).
3. Amendment of subsection (c) filed 6-26-2014; operative
4. Amendment of subsection (c) filed 9-18-2017; operative
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