Strong support for accelerating sector-based credits for tropical forest protection

by Jonah Busch, Center for Global Development

Dear ARB,

I write in strong support of accelerating sector-based credits for tropical forest protection within the California cap-and-trade program in time for use in the third compliance period.

California now faces the urgent, important, and globally significant challenge of reducing its greenhouse gas emissions by 40% below 1990 levels by 2030, as recently signed into law by Governor Brown. To achieve this worthy goal effectively, efficiently, and equitably, ARB will need to employ many measures, including strengthening cap-and-trade by incorporating sector-based credits for tropical forest protection. As detailed in previous public comments (e.g. “Eight reasons for California to lead on climate and tropical forests,” October 2015) during ARB’s thorough and open public consultation process, inclusion of sectoral offset credits for tropical forest protection can:

  • Fight climate change abroad as well as at home
  • Contain costs for California companies and their customers
  • Make California the standard-setter for the world
  • Provide side benefits for sustainable development goals and biodiversity conservation
  • Adapt a model that has already been tested using public funds
  • Support indigenous peoples’ rights and aspirations
  • Demonstrate that technical issues are surmountable
  • Jumpstart actions in other states and provinces that could finance tropical forest protection

For all these reasons, ARB should accelerate the inclusion of sector-based credits for tropical forest protection within the California cap-and-trade program in time for use in the third compliance period.

Thank you, Jonah Busch, Ph.D.
Center for Global Development
2055 L St, Fifth Floor
Washington, DC 20009

References: “Eight Reasons for California to Lead on Climate and Tropical Forests.” Jonah Busch. Center for Global Development Blog. October 27th, 2015. http://www.cgdev.org/blog/eight-reasons-california-lead-climate-and-tropical-forests

 

Comments are closed.