Although regulated entities in California will be able to use carbon offsets to meet only eight percent of their compliance obligation under cap-and-trade, many observers are concerned that offsets will be in short supply, especially after 2014. Amid these concerns, there is much speculation around possible domestic project types that California and WCI may add to their programs to boost supply. This session will examine the prospects for including additional offset types in the California and WCI programs and their potential for addressing supply concerns.
Derik Broekhoff is Vice President for Policy at the Climate Action Reserve where he is responsible for managing the policy development staff and overseeing the development of protocols for quantifying and registering greenhouse gas reductions from carbon offset projects. He also manages the development of climate change policies and programs for the Reserve, including assisting the Reserve’s efforts to support the State of California in the implementation of AB 32, the state’s far-reaching global warming law.
Before coming to the Reserve, Derik was a Senior Associate at the World Resources Institute (WRI) in Washington, DC where he led work on the Greenhouse Gas Protocol Initiative, which is an internationally recognized standard for greenhouse gas emissions accounting, and managed WRI’s work on the design of greenhouse gas emissions trading programs, registry systems and standards for carbon offsets. He is a primary author of the WRI/WBCSD GHG Protocol for Project Accounting, has advised numerous regulatory and voluntary programs on the development of carbon offset policies and standards and has testified twice before Congress on carbon offset regulation and standard development.
Prior to joining WRI, Derik worked for eight years in the fields of energy and climate change consulting, including five years with Trexler Climate + Energy Services, Inc. in Portland, Oregon, where he developed financial and economic analytical tools for carbon market forecasting, risk management, project evaluation and business strategy development for a wide range of private and public sector clients. Derik holds a Master’s degree in Public Policy (MPP) from the University of California at Berkeley and a Bachelor’s degree in International Relations from Stanford University.