District Actions

SCAQMD Adopts Work Plan for Climate Credit Exchange ProgramWednesday, March 26th, 2008

The South Coast AQMD adopted a work plan that lays the groundwork for the development and implementation of its new climate credit exchange program to provide incentives for local businesses to make voluntary reductions.

“This is the first step in ensuring that regional credits are created to enhance the local economy and local air quality,” said William A. Burke, Ed.D., Chairman of the South Coast Air Quality Management District.  “Our efforts will complement those of the state Air Resources Board to implement AB 32.”

AB 32, the Global Warming Solutions Act of 2006, requires the state’s greenhouse gas emissions be reduced to 1990 levels by 2020.

In January, Chairman Burke announced AQMD’s “SoCal Climate Credit Exchange” program that would be developed to certify carbon emission reduction credits and register and track any credit exchanges.  The program aims to provide businesses with access to real credits that can achieve local air quality benefits for criteria and toxic air pollution. 

The plan approved today calls for the creation of a Technical Advisory Group comprised of representatives from the California Air Resources Board, other agencies and business and community stakeholders to assist in the development of a series of rules that will establish criteria and guidelines for the program.  Key elements will include guidelines for participation, credit certification tools, a credit registration program and mechanisms for tracking credits and managing exchanges. 

Program rules are expected to be proposed to AQMD’s Board in a two-step process with a pre-hearing in late spring and an adoption hearing in September.

AQMD today also adopted a work plan to implement Chairman Burke’s other initiative announced in January that calls for a reevaluation of AQMD’s existing emission credit programs.  

That plan establishes a working group to assist AQMD in evaluating existing credit programs and developing proposed rule changes focused on stabilizing credit prices; encouraging installation of clean technologies and ensuring efficient use of emission credits.   A report on findings from the program evaluation is scheduled for May.