Friday, December 27, 2013

California Air Resources Board Compliance Instrument Tracking System Service

The Air Resources Board (ARB) Compliance Instrument Tracking System Service (CITSS) is a market tracking system that supports the
implementation of greenhouse gas (GHG) cap-and-trade programs for
California and other jurisdictions.   CITSS provides accounts for
market participants to hold and retire compliance instruments and
to participate in transfers of compliance instruments with other account holders.  CITSS is used to register entities participating in the California Cap-and-Trade Program, track the ownership of compliance instruments, enable and record compliance instrument transfers, facilitate emissions compliance, and
support market oversight.

The CITSS Registrant Report continues ARB’s process of making market related information public.  ARB will continue to develop and release additional market related information as part of implementation of the Cap-and-Trade Program.  ARB has held three workshops to discuss release of market information and received many oral and written comments during that process.  The CITSS Registrant Report implements the regulatory requirements regarding information release and addresses stakeholder concerns related to releasing confidential business information that could place stakeholders at a market disadvantage.

The CITSS Registrant Report will include the names of account holders in the tracking system. This will allow counter parties to verify each other and will provide for program transparency.  For covered and opt-in entities, information will include the legal entity name, the four digit CITSS ID, and the status of the account as a covered or opt-in entity.  In the case of voluntarily associated entities, information will include the legal entity name, the four digit CITSS ID, and the status of the account holder as an organization or individual.  Where applicable, the report will also include the GHG reporting ID’s for any facilities associated with the CITSS account.  Individual
CITSS account numbers will not be released.

The Air Resources Board (ARB) releases information related to the Compliance Instrument Tracking System Service (CITSS) registrants on the ARB website.   Regular releases beginning in 2014 will be at 12:00 (noon) Pacific Time on the last business day of each quarter.  These releases include information about covered, opt-in, and voluntarily associated entities registered for the Cap-and-Trade Program in CITSS.

If you have any questions related to the Cap-and-Trade Program, please contact Jakub Zielkiewicz at (916) 445-6018.

More information on the California Cap-and-Trade Program

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