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Phillip F. Fargotstein
Environmental Attorney
Fennemore Craig
Source: Arizona Climate Action Plan, Executive Summary
Source: Arizona Climate Action Plan, Executive Summary
Source: Arizona Climate Action Plan
The Climate Change Pyramid
AZ
Climate
Action
Plan
Western
Climate
Initiative
The Climate Registry
Other Regional Efforts
Federal Efforts
International Efforts
Climate Change Reality
Chicago
Climate
Exchange
Midwest
GGA
EPA Climate
Leaders
Pending
Federal
Legislation
DOE
The
Climate
Registry
WCI
RGGI
EPA
Omnibus
Reporting
California
Bali Accord
Kyoto
Protocol
?
Source: Arizona Climate Action Plan
Source: WRI – U.S. Climate Targets
SHOULD GHG EMISSIONS/REDUCTIONS
BE REPORTED?
Shareholder Resolutions
SEC Requirements
Competition
State/Regional Initiatives
Potential Profit
WHERE SHOULD GHG
EMISSIONS/REDUCTIONS BE REPORTED?
 EPA Climate Leaders Program
 Dept. of Energy § 1605 Program
 EPA Omnibus Bill Reporting 9-18 months
Chicago Climate Exchange
California Climate Action Registry
The Climate Registry June 2008
WESTERN CLIMATE INITIATIVE
"CAP & TRADE"
Sectors Under Consideration
What Threshold Will Apply?
Reporting Requirements?
The Role of Off-Sets?
Allocation vs. Auction?
Target Date: August 2008