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- Federal Policy – Senate bills introduced
- McCain Lieberman – Mandatory cap and trade
- Hagle – Voluntary reduction, tax incentives
- State policy – both mandatory and voluntary
- Over 25 states drafted and/or passed GHG legislation
- NE (RGGI) States and CA most aggressive
- 1605(b) GHG Voluntary Registry
- GHG Exchange Markets
- Overseas Markets (Kyoto)
- U.S. Voluntary Markets – Chicago Climate Exchange
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- Phase I (Characterization)
- 7 Partnerships (40 states)
- 6 considering terrestrial
- 24 months (2003-2005)
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- Agriculture, rangelands, and forestry
- Conducting regional, aggregate analysis in support of policies for GHG
reductions
- Appropriate MMV technologies
- Advanced systems (NIR, LIBS)
- Carbon Accounting Frameworks
- C-Lock (Expand to WY, MT, and ID)
- National Carbon Offset Coalition
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- Early deployment options at low cost
- No-till à Afforestation à Conversion Grasslands à Wetland Restoration
- Biophysical potential of increased C in soils, biomass and litter
- MRCSP region represents significant CO2 offset technical
potential
- Total Annual C Accumulation: 39.1 MMT
- MRCSP region may offset 20% of CO2 emissions in region in Terrestrial
Sinks
- MRCSP 20 Year C Accumulation: 773 MMT
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- Focus on two significant regional sinks
- Agricultural soils (152 MMTCE)
- Wetlands (374 MMTCE)
- Agricultural Soils (NDSU)
- Conversion to no-till or grass lands
- Economic vs. technical potential
- Perennial grasses are promising
- Glaciated North American Prairie Wetlands
- (USGS and Duck Unlimited Canada)
- Active sink for 2-3X longer than Ag soils
- Long term offset of other GHG emissions
- Couple with perennial grasses
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- Focusing on in Agriculture, Rangelands, and Forests
- Terrestrial sequestration in region is naturally limited by low average
annual precipitation and the variability in precipitation
- Even in systems managed for carbon storage, wet years followed by a
series of dry years may result in a net carbon flux from the system.
- Requires large scale implementation to reduce risks caused by
variability in rainfall
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- Afforestation of Suitable Range Lands
- 9.3 million suitable hectares in CA
- Offset up to 12% of current CO2 emissions in entire region
- Forestry
- Lengthen rotations of existing stands
- Thinning to reduce fire risk matched with bio energy production
- Fire is single largest source of CO2 from Terrestrial
- MMV Key technical issue – MMV
- Test California Climate Registry accounting protocols
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- Fossil fuels, especially coal, are plentiful and important to the United
States energy security
- Terrestrial sequestration can play a significant role in offsetting
carbon emissions
- Regional partnerships needed to speed acceptance and adoption by
emitters and future markets
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