Climate Action Reserve
Climate Action Reserve
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About this organization
Mission
To develop, promote and support innovative, credible market-based climate change solutions that benefit economies, ecosystems and society. The Climate Action Reserve was approved by the California Air Resources Board (ARB) in 2012 to serve as an Offset Project Registry in accordance with the regulations implementing the California cap-and-trade program. The Reserve has had many of the offset projects in its system recognized by the ARB for rewarding early actions to reduce greenhouse gas emissions and six Reserve offset protocols have been adopted by ARB for use in the compliance offset system under the cap-and-trade program.
About
THE CLIMATE ACTION RESERVE IS AN INTERNATIONAL CARBON OFFSETS PROGRAM FOCUSED ON ENSURING ENVIRONMENTAL INTEGRITY OF GHG EMISSIONS REDUCTIONS PROJECTS TO CREATE AND SUPPORT FINANCIAL AND ENVIRONMENTAL VALUE IN THE NORTH AMERICAN VOLUNTARY CARBON MARKET, THE CALIFORNIA CAP-AND-TRADE PROGRAM, AND INTERNATIONAL CAP-AND-TRADE PROGRAMS. IT DOES THIS BY ESTABLISHING HIGH-QUALITY STANDARDS FOR QUANTIFYING AND VERIFYING GHG EMISSIONS REDUCTIONS PROJECTS, OVERSEEING INDEPENDENT THIRD PARTY VERIFICATION BODIES, AND ISSUING CARBON CREDITS GENERATED FROM SUCH PROJECTS AND TRACKING THE CREDITS OVER TIME IN A TRANSPARENT, PUBLICLY-ACCESSIBLE SYSTEM. THESE STANDARDS NOT ONLY ENSURE THE ENVIRONMENTAL INTEGRITY OF USING OFFSETS, BUT THEY ALSO BRING CREDIBILITY AND EFFICIENCIES TO THE CARBON MARKET BY CREATING A TRUSTED AND VALUED COMMODITY.
Interesting data from their 2019 990 filing
In the filing, the mission of the non-profit is noted as “To develop, promote and support innovative, credible market-based climate change solutions that benefit economies, ecosystems and society. the climate action reserve was approved by the california air resources board (arb) in 2012 to serve as an offset project registry in accordance with the regulations implementing the california cap-and-trade program. the reserve has had many of the offset projects in its system recognized by the arb for rewarding early actions to reduce greenhouse gas emissions and six reserve offset protocols have been adopted by arb for use in the compliance offset system under the cap-and-trade program.”.
When referring to its responsibilities, they were outlined as: “To develop, promote and support innovative, credible market-based climate change solutions that benefit economies, ecosystems and society. the climate action reserve was approved by the california air resources board (arb) in 2012 to serve as an offset project registry in accordance with the regulations implementing the california cap-and-trade program. the reserve has had many of the offset projects in its system recognized by the arb for rewarding early actions to reduce greenhouse gas emissions and six reserve offset protocols have been adopted by arb for use in the compliance offset system under the cap-and-trade program.”.
- The state in which the non-profit is legally registered to operate is CA, as per legal records.
- The filing documents the non-profit's address in 2019 as 818 WEST 7TH STREET NO 710, LOS ANGELES, CA, 90017.
- According to the non-profit's form, they have 28 employees on their payroll as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$412,906.
- The organization has 16 independent voting members.
- The organization was formed in 2001.
- The organization pays $2,392,499 in salary, compensation, and benefits to its employees.
- The organization pays $468,702 in fundraising expenses.
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