California’s cap-and-trade program commenced in 2013 and is the largest cap-and-trade program outside of the EU covering almost 400 million metric tons of emissions from 2015. To provide flexibility, contain costs and incentivize the reduction of emissions from sources outside of the program the use of offsets from emissions reduction projects is permitted provided they meet strict, rigorous standards and high levels of environmental integrity
Camco has been working to develop offset projects eligible for use in California’s program since 2007. Using expertize gained internationally and knowledge of the California policy environment built up over the past seven years Camco navigates the offsets creation process from project implementation through to offset issuance, a process which can take up to three years.
The California market has been carefully constructed to lower CO2 emissions in a cost efficient manner whilst providing high levels of environmental integrity – the regulation governing the program runs to almost 300 pages alone.
Camco helps its project owners and clients to navigate the program and turn emissions reductions from projects into independent revenue streams for project owners.