Offset Policy in Pending Legislation A Comparison of Key Issues December 2, 2009 Catharine Cyr Ransom Senior Climate and E...
Big Picture <ul><li>Congressional action vs. EPA regulation </li></ul><ul><li>Offsets as “cost containment” </li></ul><ul>...
Key Issues Comparison <ul><li>Role of USDA vs. EPA </li></ul><ul><li>Project Categories </li></ul><ul><li>Treatment of Ear...
USDA vs. EPA <ul><li>“  “ </li></ul>* ‘‘(g) SECRETARY OF AGRICULTURE.—The President shall designate the Secretary of Agric...
Project Categories •  Broad List:  “No - till”  •  Avoided Abandonment  Waxman-Markey with Peterson Amendment Kerry-Boxer ...
Treatment of Enrolled Early Actors Waxman-Markey with Peterson Amendment Kerry-Boxer Stabenow Crediting Period for Early O...
“ Carbon Conservation Program” •  Project Category Definition •  Federal Grazing and Timber Contract Holders Waxman-Markey...
Summary <ul><li>Goals for Program Coverage </li></ul><ul><ul><li>New Entrants </li></ul></ul><ul><ul><li>Current Practitio...
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Carbon Offset Policy In Pending Legislation

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Powerpoint from an American Farmland Trust webinar called "Agriculture's Opportunities in the "Clean Energy Partnership of America (CEPA)."

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Carbon Offset Policy In Pending Legislation

  1. 1. Offset Policy in Pending Legislation A Comparison of Key Issues December 2, 2009 Catharine Cyr Ransom Senior Climate and Environmental Advisor Senator Max Baucus (D-MT)
  2. 2. Big Picture <ul><li>Congressional action vs. EPA regulation </li></ul><ul><li>Offsets as “cost containment” </li></ul><ul><li>Offsets/Ag Incentives increase income </li></ul><ul><li>Goals for program coverage </li></ul><ul><ul><li>New Entrants </li></ul></ul><ul><ul><li>Current Practitioners (“Early Actors”) </li></ul></ul><ul><ul><ul><li>Both enrolled/not enrolled in offset programs </li></ul></ul></ul><ul><ul><li>Non-qualifying practitioners </li></ul></ul>
  3. 3. Key Issues Comparison <ul><li>Role of USDA vs. EPA </li></ul><ul><li>Project Categories </li></ul><ul><li>Treatment of Early Actors </li></ul><ul><li>Agricultural Incentives </li></ul>
  4. 4. USDA vs. EPA <ul><li>“ “ </li></ul>* ‘‘(g) SECRETARY OF AGRICULTURE.—The President shall designate the Secretary of Agriculture to serve as the lead agency in— ‘‘ (1) the implementation of elements of the offset program, in coordination with the Administrator, for agriculture and forestry projects in the United States authorized under this part, including project types and methodologies; and ‘‘ (2) working directly with farmers, ranchers, and foresters to implement agriculture and forestry projects.” Waxman-Markey with Peterson Amendment Kerry-Boxer Stabenow Offset Program Authority USDA President* USDA
  5. 5. Project Categories • Broad List: “No - till” • Avoided Abandonment Waxman-Markey with Peterson Amendment Kerry-Boxer Stabenow List of Eligible Ag and Forest Offset Types “ shall include…practices…such as” ‘‘ shall consider” “ shall include…at a minimum, activities,… including”
  6. 6. Treatment of Enrolled Early Actors Waxman-Markey with Peterson Amendment Kerry-Boxer Stabenow Crediting Period for Early Offsets Projects initiated January 1, 2001 - January 1, 2009 credited up to program start date or 3 years after enactment Projects initiated January 1, 2001 - January 1, 2009 credited up to program start date or 3 years after enactment Projects initiated January 1, 2001 –program start date may be credited for up to 10 years Allowable Early Offsets State or Tribal regulatory program or program of equal stringency as approved by EPA State or Tribal regulatory program or program of equal stringency as approved by President Any regulatory or voluntary program as approved by Agencies
  7. 7. “ Carbon Conservation Program” • Project Category Definition • Federal Grazing and Timber Contract Holders Waxman-Markey with Peterson Amendment Kerry-Boxer Stabenow USDA Allowance Program for Sequestration, New Offset Types and Early Adopters Limited Supplemental Agriculture and Renewable Energy Program 0.28% of allowances for 2012 - 2016 Limited Supplemental Agriculture, Renewable Energy and Forestry Program 1% of allowances 2012-2050 Extensive Carbon Conservation Program
  8. 8. Summary <ul><li>Goals for Program Coverage </li></ul><ul><ul><li>New Entrants </li></ul></ul><ul><ul><li>Current Practitioners (“Early Actors”) </li></ul></ul><ul><ul><ul><li>Both enrolled/not enrolled in offset programs </li></ul></ul></ul><ul><ul><li>Non-qualifying practitioners </li></ul></ul>
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