CLIMATE ACTION RESERVE
818 WEST 7TH STREET NO 710, LOS ANGELES, CA 90017 www.climateactionreserve.org

Total Revenue
$5,029,344
Total Expenses
$3,936,263
Net Assets
$2,861,998

Organizations Filed Purposes: TO DEVELOP, PROMOTE & SUPPORT INNOVATIVE, CREDIBLE MARKET-BASED CLIMATE CHANGE SOLUTIONS (SCH O) 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. FOUR RESERVE OFFSET PROTOCOLS HAVE BEEN ADOPTED AND TWO OTHERS ADAPTED BY ARB FOR USE IN THE COMPLIANCE OFFSET SYSTEM UNDER THE CAP-AND-TRADE PROGRAM.

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 SOURCE FOR IDENTIFYING HIGH-QUALITY CARBON OFFSETS.

THE CLIMATE ACTION RESERVE IS ALSO ACTIVE IN THE DEVELOPMENT OF CLIMATE CHANGE POLICY. AS A NON-PARTISAN ORGANIZATION, THE CLIMATE ACTION RESERVE WORKS TO BRING TOGETHER THOUGHT LEADERS ON CLIMATE CHANGE, INCLUDING POLICYMAKERS, BUSINESSES, ACADEMICS AND A VARIETY OF NGOS TO ADVOCATE FOR GLOBALLY STANDARDIZED GREENHOUSE GAS REPORTING AND MEASUREMENT STANDARDS. IN 2019 THE CLIMATE ACTION RESERVE SUCCESSFULLY HOSTED THE 17TH ANNUAL NORTH AMERICAN CARBON WORLD CONFERENCE IN LOS ANGELES. OVER 500 CLIMATE PROFESSIONALS GATHERED FOR INFORMATION, DISCUSSION AND NETWORKING TO ADVANCE MARKET-BASED SOLUTIONS TO CLIMATE CHANGE. THE CLIMATE ACTION RESERVE ALSO HOSTED SEVERAL PANEL DISCUSSIONS AT COP25 IN MADRID, SPAIN THAT ALLOWED THE INTERNATIONAL CLIMATE COMMUNITY TO GAIN A DEEPER UNDERSTANDING OF KEY CLIMATE CHANGE CHALLENGES. DUE TO COVID, NACW 2020 WAS CANCELLED.

IN FY2020 THE RESERVE CONTINUED TO ENGAGE IN INTERNATIONAL INITIATIVES, INCLUDING THE DEVELOPMENT OF INTERNATIONAL EMISSIONS REDUCTION STANDARDS, COLLABORATING WITH PARTNERS AND SERVING AS AN EXPERT CONSULTANT FOR GOVERNMENTS AND OTHERS. IN FY2020 THE RESERVE CONTINUED TO ACCEPT FORESTRY PROJECTS IN RURAL MEXICO TO GROW ITS MEXICO FOREST PROJECT PROTOCOL, INCLUDING THE DEVELOPMENT OF ITS VERIFICATION PROGRAM AND TRAINING VERIFIERS. THE RESERVE ALSO DEVELOPED ADDITIONAL PROTOCOLS FOR MEXICO FOR THE PARTNERSHIP FOR MARKET READINESS, A PROGRAM OF THE WORLD BANK. THE RESERVE ALSO CONTINUED EXPANSION INTO CANADA, FINALIZING THE DEVELOPMENT OF A GRASSLAND PROJECT PROTOCOL.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Craig EbertPRESIDENT40$197,464
Gillian CalofVP OF OPERATIONS40$145,023
Jennifer WeissVP OF COMMUNICATIONS40$134,522
Ramon LeeCONTROLLER40$116,527
John NickersonVP OF FORESTRY40$115,487
Max DubuissonDIRECTOR OF POLICY40$108,099
Katie SullivanBOARD MEMBER1$0
Dr Stephan SchwartzmanBOARD MEMBER1$0
Tim ProfetaBOARD MEMBER1$0
Heather O'NeillBOARD MEMBER1$0
Betsy MolerBOARD MEMBER (THRU 03/20)1$0
Peter LiuBOARD MEMBER1$0
Teveia BarnesBOARD MEMBER1$0
Steve CorneliNOMINATING COMMITTEE CHAIR1$0
Jan SchoriAUDIT COMMITTEE CHAIR1$0
Jeffrey KightlingerBOARD TREASURER1$0
Peter M MillerBOARD SECRETARY1$0
Gary GeroBOARD VICE CHAIR1$0
Linda AdamsBOARD CHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202111169349301366_public.xml