89428 Federal Register / Vol. 88, No. 247 / Wednesday, December 27, 2023 / Notices 

7Commissioner Christy Goldsmith Romero, 

Remarks of Commissioner Christy Goldsmith 

Romero at ISDA’s ESG Forum on Promoting Market 

Resilience: A Thoughtful Approach to the Daunting 

Challenge of Climate Financial Risk (Mar. 7, 2023). 

8See ISDA Comment Letter on CFTC Request for 

Information on Climate-Related Financial Risk (Oct. 

7, 2022) (‘‘In order for these markets to flourish, 

there can be no room for greenwashing, doublecounting of credits or any other types of fraud and 

manipulation . . .’’); See also EDF Comment Letter 

on CFTC Request for Information on ClimateRelated Financial Risk (Oct. 7, 2022) (‘‘One 

particular concern in carbon markets is that traded 

reductions might be ‘‘double counted,’’ a situation 

in which a single GHG emission reduction or 

removal (i.e. credit) is counted more than once 

towards achieving mitigation targets or goals.’’). 

9See Ceres Comment Letter on CFTC Request for 

Information on Climate-Related Financial Risk (Oct. 

7, 2022) (‘‘The best way to guard against the risk 

of market disruption because of the lack of the 

integrity of the underlying credits would be to 

require all credits underlying derivative 

instruments be subject to a meaningful evaluation 

and certification process by an outside, neutral, and 

expert third party.’’). 

10See Blue Diamond Farming Company 

Comment Letter on CFTC Request for Information 

on Climate-Related Financial Risk (Oct. 7, 2022); 

see also Bryan Agricultural Enterprises Comment 

Letter on CFTC Request for Information on ClimateRelated Financial Risk (Oct. 7, 2022). 

standards to address concerns about 

credibility and to develop a common 

understanding of a high-quality credit, 

efforts that are ongoing. 

In March, I proposed that the 

Commission work with regulated 

exchanges to develop common baseline 

standards for listing voluntary carbon 

credit derivatives.7 At a conference held 

by ISDA, I proposed that the 

Commission consider requiring 

exchanges to take certain actions to 

increase confidence that underlying 

voluntary carbon credits reliably remove 

or avoid the amount of carbon claimed 

of one ton of greenhouse gases per 

credit. I proposed that such actions 

could include information sharing 

agreements with carbon registries and 

baseline standards for carbon credits 

that could reference either the ICVCM 

core carbon principles once they 

became final or the basic principles on 

which they are based. I thank the 

Chairman for working with me on these 

efforts. 

Today’s guidance adapts terminology, 

concepts and standards from the 

ICVCM’s Core Carbon Principles and its 

recently issued Assessment Framework. 

I support the Commission’s recognition 

of the efforts made by this body that 

could improve integrity, transparency, 

and price discovery, and thereby 

improve confidence in these markets. 

The Commission’s guidance adapts 

ICVCM concepts and standards that 

commenters told us were needed for 

integrity in voluntary carbon markets. 

The guidance sets an expectation for 

exchanges to ensure that underlying 

VCC’s represent an actual ton of carbon 

dioxide removed or reduced and that 

there is no double counting of those 

reductions or removals.8 It also sets an 

expectation that underlying VCC’s are 

subject to a meaningful independent 

evaluation and verification before 

issuance.9 Aligning the CFTC’s 

expectations with the ICVCM’s work 

also recognizes the global nature of this 

market and of the challenges posed by 

climate-related financial risk. 

I am interested in hearing from 

commenters if the guidance adapts the 

right parts of the ICVCM standards to 

encourage integrity and transparency in 

these markets and if the Commission’s 

adaptation provides clear, workable 

expectations. As the ICVCM standards 

have only been recently released, it will 

be important to monitor the adoption of 

these standards. 

I am also interested in hearing more 

from commenters about whether market 

integrity can be improved by exchanges 

relying on a crediting program’s 

processes and diligence, as assumed in 

the proposed guidance, or if there is a 

benefit to exchanges conducting 

additional due diligence into specific 

categories, protocols, or projects. 

I am interested to hear from 

commenters, including participants in 

our previous public consultation if this 

guidance meets their needs and helps 

address concerns they have raised. I 

especially hope to hear from farmers 

and others in the agricultural 

community, several of whom 

encouraged the CFTC to play a role in 

ensuring integrity in carbon markets in 

response to last year’s public 

consultation.10

As derivatives markets evolve, it is 

important that the Commission remain 

nimble and aware of changes, and 

continue to work with exchanges in 

listing products. I applaud the staff for 

their hard work on this guidance and I 

thank them for working with me to 

incorporate feedback I have heard in 

meetings with exchanges, market 

participants and public interest groups 

over the past 18 months. 

[FR Doc. 2023–28532 Filed 12–26–23; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF ENERGY 

[GDO Docket No. EA–463–A] 

Application for Renewal of 

Authorization To Export Electric 

Energy; Boston Energy Trading and 

Marketing LLC 

AGENCY: Grid Deployment Office, 

Department of Energy. 

ACTION: Notice of application. 

SUMMARY: Boston Energy Trading and 

Marketing LLC (the Applicant or BETM) 

has applied for renewed authorization 

to transmit electric energy from the 

United States to Canada pursuant to the 

Federal Power Act. 

DATES: Comments, protests, or motions 

to intervene must be submitted on or 

before January 26, 2024. 

ADDRESSES: Comments, protests, 

motions to intervene, or requests for 

more information should be addressed 

by electronic mail to 

Electricity.Exports@hq.doe.gov. 

FOR FURTHER INFORMATION CONTACT: 

Christina Gomer, (240) 474–2403, 

Electricity.Exports@hq.doe.gov. 

SUPPLEMENTARY INFORMATION: The 

United States Department of Energy 

(DOE) regulates electricity exports from 

the United States to foreign countries in 

accordance with section 202(e) of the 

Federal Power Act (FPA) (16 U.S.C. 

824a(e)) and regulations thereunder (10 

CFR 205.300 et seq.). Sections 301(b) 

and 402(f) of the DOE Organization Act 

(42 U.S.C. 7151(b) and 7172(f)) 

transferred this regulatory authority, 

previously exercised by the nowdefunct Federal Power Commission, to 

DOE. 

Section 202(e) of the FPA provides 

that an entity which seeks to export 

electricity must obtain an order from 

DOE authorizing that export. (16 U.S.C. 

824a(e)). On April 10, 2023, the 

authority to issue such orders was 

delegated to the DOE’s Grid Deployment 

Office (GDO) by Delegation Order No. 

S1–DEL–S3–2023 and Redelegation 

Order No. S3–DEL–GD1–2023. 

On December 19, 2018, DOE issued 

Order No. EA–463 to BETM to transmit 

electric energy from the United States to 

Canada as a power marketer for a period 

of five years. On November 14, 2023, 

BETM filed an application with DOE 

(Application or App.) for renewal of 

their export authority for a five-year 

term. App. at 8. 

According to the Application, BETM 

is a California limited liability company 

that is a wholly owned subsidiary of 

Diamond Energy Trading and 

Marketing, LLC. Id. at 1–2. BETM 

represents that it is a power marketer 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 247 / Wednesday, December 27, 2023 / Notices 89429 

authorized to sell wholesale electric 

energy, capacity and ancillary services 

outside of the Electric Reliability 

Council of Texas at market-based rates 

pursuant to authority granted by the 

Federal Energy Regulatory Commission 

(FERC) under a wholesale power sales 

tariff currently on file with FERC. Id. at 

2. BETM states that as a power marketer, 

it ‘‘does not own any electric generation 

or transmission facilities and does not 

hold a franchise or service territory or 

native load obligation.’’ Id. at 4. Further, 

BETM represents that ‘‘none of BETM’s 

U.S.-based affiliates or subsidiaries own 

any electric transmission facilities other 

than generating facility interconnection 

facilities necessary to connect 

individual generating facilities to the 

grid[,] and BETM is not affiliated with 

an entity that holds a franchise or 

service territory in the U.S.’’ Id. BETM 

represents that because it neither owns, 

operates nor controls an electric power 

supply transmission and/or distribution 

system, ‘‘its exports cannot have any 

adverse impact on the reliability, 

stability, or sufficiency of supply on a 

franchised electric supply system or the 

electric power supply within the U.S.’’ 

Id. at 5. 

The existing international 

transmission facilities to be utilized by 

the Applicant have been previously 

authorized by Presidential permits 

issued pursuant to Executive Order 

10485, as amended, and are appropriate 

for open access transmission by third 

parties. See App. at Exhibit C. 

Procedural Matters: Any person 

desiring to be heard in this proceeding 

should file a comment or protest to the 

Application at Electricity.Exports@

hq.doe.gov. Protests should be filed in 

accordance with Rule 211 of FERC’s 

Rules of Practice and Procedure (18 CFR 

385.211). Any person desiring to 

become a party to this proceeding 

should file a motion to intervene at 

Electricity.Exports@hq.doe.gov in 

accordance with FERC Rule 214 (18 CFR 

385.214). 

Comments and other filings 

concerning BETM’s Application should 

be clearly marked with GDO Docket No. 

EA–463–A. Additional copies are to be 

provided directly to BETM Contract 

Administrator, Boston Energy Trading 

and Marketing LLC, One International 

Place, 9th Floor, Boston, MA 02110, 

BETMContractAdmin@betm.com, and 

Catherine McCarthy, Partner, Bracewell 

LLP, 2001 M Street NW, Suite 900, 

Washington DC 20036, cathy.mccarthy@

bracewell.com. 

A final decision will be made on the 

requested authorization after the 

environmental impacts have been 

evaluated pursuant to DOE’s National 

Environmental Policy Act Implementing 

Procedures (10 CFR part 1021) and after 

DOE evaluates whether the proposed 

action will have an adverse impact on 

the sufficiency of supply or reliability of 

the United States electric power supply 

system. 

Copies of this Application will be 

made available, upon request, by 

accessing the program website at 

https://www.energy.gov/gdo/pendingapplications-0 or by emailing 

Electricity.Exports@hq.doe.gov. 

Signing Authority: This document of 

the Department of Energy was signed on 

December 19, 2023, by Maria Robinson, 

Director, Grid Deployment Office, 

pursuant to delegated authority from the 

Secretary of Energy. That document 

with the original signature and date is 

maintained by DOE. For administrative 

purposes only, and in compliance with 

requirements of the Office of the Federal 

Register, the undersigned DOE Federal 

Register Liaison Officer has been 

authorized to sign and submit the 

document in electronic format for 

publication, as an official document of 

the Department of Energy. This 

administrative process in no way alters 

the legal effect of this document upon 

publication in the Federal Register. 

Signed in Washington, DC on December 

20, 2023. 

Treena V. Garrett, 

Federal Register Liaison Officer, U.S. 

Department of Energy. 

[FR Doc. 2023–28475 Filed 12–26–23; 8:45 am] 

BILLING CODE 6450–01–P 

DEPARTMENT OF ENERGY 

Isotope Research & Development and 

Production Advisory Committee 

AGENCY: Department of Energy, Office of 

Science. 

ACTION: Notice of establishment. 

SUMMARY: The CHIPS and Science Act of 

2022 requires the Secretary of Energy to 

establish an advisory committee in 

alignment with the Department of 

Energy (DOE) Isotope Program. Pursuant 

to the Federal Advisory Committee Act, 

and in accordance with title 41 of the 

Code of Federal Regulations, and 

following consultation with the 

Committee Management Secretariat, 

General Services Administration, notice 

is hereby given that the Isotope 

Research & Development and 

Production Advisory Committee will be 

established for a two-year period. The 

Committee will provide advice, 

information, and recommendations to 

the Director, Office of Science, DOE, on 

a continuing basis on the DOE Isotope 

Program. 

SUPPLEMENTARY INFORMATION: 

Committee members will be carefully 

considered to be balanced in terms of 

views represented and functions to be 

performed, in accord with FACA, and to 

obtain diversity, equity, and inclusion 

with a balance of disciplines, 

experiences, points of view, and 

geography. Members shall be experts in 

their respective fields from entities, 

including, but not limited to, research 

facilities, industry, and academic 

institutions. Membership and 

representation of all interests will be 

determined in accordance with the 

requirements of the Federal Advisory 

Committee Act, and implementing 

regulation. 

The Committee will operate in 

accordance with the provisions of the 

Federal Advisory Committee Act, and 

the rules and regulations in 

implementation of that Act. 

FOR FURTHER INFORMATION CONTACT: 

Jehanne Gillo at (301) 903–3400, or 

email at jehanne.gillo@science.doe.gov. 

Signing Authority 

This document of the Department of 

Energy was signed on December 20, 

2023, by Sarah E. Butler, Committee 

Management Officer, pursuant to 

delegated authority from the Secretary 

of Energy. The document with the 

original signature and date is 

maintained by DOE. For administrative 

purposes only, and in compliance with 

requirements of the Office of the Federal 

Register, the undersigned DOE Federal 

Register Liaison Officer has been 

authorized to sign and submit the 

document in electronic format for 

publication, as an official document of 

the Department of Energy. This 

administrative process in no way alters 

the legal effect of this document upon 

publication in the Federal Register. 

Signed in Washington, DC, on December 

20, 2023. 

Treena V. Garrett, 

Federal Register Liaison Officer, U.S. 

Department of Energy. 

[FR Doc. 2023–28432 Filed 12–26–23; 8:45 am] 

BILLING CODE 6450–01–P 

DEPARTMENT OF ENERGY 

[GDO Docket No. EA–393–B] 

Application for Renewal of 

Authorization To Export Electric 

Energy; Emera Energy Services 

Subsidiary No. 8 LLC 

AGENCY: Grid Deployment Office, 

Department of Energy. 


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