How Does a Developer Comply? Developer has Flexibility in Process and in Offset Projects
Exceeding reference plant efficiency helps meet standard
Wide variety of CO2 offset projects are eligible
- Reduction, elimination, sequestration, avoidance
Developer chooses compliance path for offsets
- Performance path: Higher cost, bear cost risk
- Proposed offset projects must by approved by EFSC
- Implement projects successfully
- Monetary path: Lower cost, avoid cost risk
- Contribute to qualifying trust fund
- Amount determined by $/ton CO2 formula
- Currently $0.57/ton CO2 + 5-10% administrative fee