The 2015 iCAP, chapter 8, objective 1 is, "By the end of FY16, conduct a Request for Proposals process for verified carbon offsets — and undertake the first campus purchase of offsets." iSEE is developing a Request for Proposals (RFP) for purchasing carbon credits, aka carbon offsets.
iSEE is developing the technical specifications for a Request for Bids (RFB) for purchasing carbon credits, aka carbon offsets in FY17. These will be used both to replace the carbon credits sold from calendar year 2016, and as a starting inventory for the Virtual Storeroom.
During this process, iSEE will develop detailed specifications for carbon offsets to ensure that all purchased offsets are additional (in the sense that they enable reductions beyond business-as-usual), measurable, conservative (to ensure reductions are not overstated), permanent, independently verified, trackable, and transparent. The 2015 iCAP intended to have an RFP done by the end of FY16, and the current schedule will have the purchase completed by the end of FY17.
Because campus sells carbon credits through the Carbon Credit Purchasing Program (C2P2) at Second Nature, we need to replace those boutique carbon credits with carbon offsets. By the end of FY17, we will buy 103,000 carbon offsets (equivalent to 103,000 tons of greenhouse gasses not being released into the atmosphere) to replace those sold from calendar year 2016.
Additionally, in the same RFB, we will purchase 10,000 additional carbon offsets which will be used to set up a new virtual storeroom to allow campus units to voluntarily offset their carbon emissions, for example from air travel to scholarly meetings.