Section 3-4-105 - [Effective 11/1/2024] Carbon sequestration certification program - Applications - FeesA. The Oklahoma Conservation Commission is hereby authorized to establish and administer the terrestrial and agricultural carbon sequestration certification program. The purposes of the program are to provide a mechanism for creating and preserving carbon reserves in this state by encouraging voluntary practices that protect or improve natural resources, to enable Oklahomans to participate in market-based programs for natural resource protection, to provide a mechanism for Oklahomans to benefit from the ecosystem services they provide, to verify carbon sequestration or storage associated with terrestrial and agricultural carbon sequestration practices, and to issue carbon sequestration certificates associated with terrestrial and agricultural carbon sequestration practices that the Commission determines qualify for such certificates.B. The Commission, in consultation with the Department of Environmental Quality and with the advice of the terrestrial and agricultural carbon sequestration stakeholder groups appointed by the Commission, shall develop and promulgate rules as necessary to administer, implement, and enforce the provisions of Section 3-4-101 et seq. of this title, including, but not limited to, developing and implementing uniform standards and criteria for verifying carbon sequestration and storage associated with terrestrial and agricultural carbon sequestration practices and issuing carbon sequestration certificates associated with approved terrestrial and agricultural carbon sequestration practices. In promulgating the rules, the Commission shall develop the program to be as consistent as possible with other governmental programs designed to create carbon reserves for the purpose of voluntarily reducing greenhouse gases or designed to certify terrestrial and agricultural carbon sequestration practices.C. In order for terrestrial and agricultural carbon sequestration to be verified and certified under this section, an applicant shall file an application with the Commission. Along with the application, the applicant shall submit a resource management plan, or a project plan as applicable, detailing activities that will increase or maintain existing trapped carbon including, but not limited to, improved forest management, alteration of or changes in silviculture practices, and growing of designated crops and any other such terrestrial and agricultural carbon sequestration practices .D. The Commission shall require applicants to submit such information, forms, and reports as are necessary to properly and efficiently administer the program.E. Prior to granting a carbon sequestration certificate, the Commission shall adopt criteria associated with the approved terrestrial and agricultural carbon sequestration practice for which an application is submitted. In addition, the Commission shall determine, based upon compliance with the site criteria, the volume or numerical amount of credits or offsets achievable by the specific terrestrial and agricultural carbon sequestration practice.F. Applications for a terrestrial and agricultural carbon sequestration certificate shall be approved or denied in accordance with criteria promulgated by the Commission.G. The Commission is authorized to establish fees associated with the terrestrial and agricultural carbon sequestration certification program.Okla. Stat. tit. 27A, § 3-4-105
Amended by Laws 2024, c. 32,s. 3, eff. 11/1/2024.Added by Laws 2002 , HB 2040, c. 273, §2, emerg. eff. 5/20/2002; Amended by Laws 2003 , HB 1051, c. 221, §4, emerg. eff. 5/20/2003; Amended by Laws 2011 , SB 629, c. 264, §5.This section is set out more than once due to postponed, multiple, or conflicting amendments.