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June 9, 2009 — Draft model Consistency Applications and Monitoring and Verification Report materials for RGGI offset projects in the following category “Avoided Methane Emissions from Agricultural Manure Management Operations” are now available at: http://www.rggi.org/offsets/update/sponsors.
The draft model materials are intended to help potential project sponsors and project verifiers collect necessary documentation before state-specific applications and submittal materials are released later this month.
Note: Draft model materials are being released for information purposes only and should not be submitted to the RGGI participating states.
For more information please see the Status Update on RGGI Offset Application and Submittal Materials and Verifier Accreditation Process at: http://www.rggi.org/docs/offset_status_update_5_14_09.pdf.
About RGGI offsets
RGGI provides for compliance flexibility through the use of emissions offsets. The emissions offset provisions of the participating states regulations allow for the award of CO2 offset allowances to projects outside the capped sector (the electric sector) that reduce or sequester emissions of greenhouse gases.
CO2 offset allowances may be used to satisfy a limited portion of a regulated power plants compliance obligation. The use of CO2 offset allowances is constrained to 3.3 percent of a power plants total compliance obligation during a control period, though this may be expanded to 5 percent and 10 percent if certain CO2 allowance price thresholds are reached.
The RGGI participating states have developed prescriptive standards for specific offset project categories to ensure that offsets are real, additional, verifiable, enforceable, and permanent. The following five offset project categories are eligible under the participating states regulations:
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