duction targets applicable to such agency under this 
section. 
(2) REVISION OF PLAN.—If any agency fails to 
meet such targets for a fiscal year, as indicated by 
the inventory and report prepared by the agency for 
such fiscal year, the agency shall submit to the Ad-
ministrator and make publicly available on the agen-
cy’s website a revised plan under subsection (d) not 
later than March 31 of the following fiscal year. The 
Administrator shall certify or decline to certify the 
revised plan in accordance with subsection (d)(2) not 
later than 3 months after receipt of the revised plan. 
(3) OFFSETS.— 
(A) PROPOSAL.—If no national mandatory 
economy-wide cap-and-trade program for green-
house gases has been enacted by fiscal year 
2010, the Administrator shall develop and sub-
mit to the Congress by 2011 a proposal to allow 
agencies to meet the annual reduction targets 
applicable to such agencies under this section in 
part through emissions offsets, beginning in fis-
cal year 2015. 
(B) CONTENTS.—The proposal developed 
under subparagraph (A) shall ensure that emis-
sions offsets are— 
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(i) real, surplus, verifiable, permanent, 
and enforceable; and 
(ii) additional for both regulatory and 
financial purposes (such that the generator 
of the offset is not receiving credit or com-
pensation for the offset in another regu-
latory or market context). 
(C) RULEMAKING.—If by 2012 the Con-
gress has not enacted a statute for the express 
purpose of codifying the proposal developed 
under subparagraph (A) or an alternative to 
such proposal, the Administrator shall imple-
ment the proposal through rulemaking. 
(f) MANAGEMENT STRATEGIES FOR LARGE TRACTS 
OF PUBLIC LANDS.—The Forest Service, the Bureau of 
Land Management, the National Park Service, and the 
United States Fish and Wildlife Service shall— 
(1) within 2 years after the date of the enact-
ment of this Act, conduct studies of the opportuni-
ties for management strategies, and identify those 
management strategies with the greatest potential, 
to— 
(A) enhance net biological sequestration of 
greenhouse gases on Federal lands they manage 
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while avoiding harmful effects on other environ-
mental values; and 
(B) reduce negative impacts of global 
warming on biodiversity, water supplies, forest 
health, biological sequestration and storage, and 
related values; 
(2) within 3 years after the date of the enact-
ment of this Act, implement programs on selected 
land management units in different parts of the Na-
tion to test the management strategies identified as 
having the greatest potential to achieve the benefits 
described in paragraph (1); and 
(3) report to the Congress on the results of the 
studies and the management strategies identified. 
(g) STUDY ON URBAN AND WILDLAND-URBAN FOR-
ESTRY PROGRAMS.—Within 2 years of the date of enact-
ment of this Act, the Forest Service, in consultation with 
appropriate State and local agencies, shall conduct a study 
of the opportunities of urban and wildland-urban interface 
forestry programs to enhance net biological sequestration 
of greenhouse gases and achieve other benefits. 
(h) REPORTING.— 
(1) REPORTS
BY
AGENCIES.—Not later than 
December 31 each fiscal year, each agency shall sub-
mit to the Administrator and make publicly available 
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on the agency’s website a report on the agency’s im-
plementation of its plan required by subsection (d) 
for the preceding fiscal year, including the inventory 
of greenhouse gas emissions of the agency during 
such fiscal year. 
(2) ANNUAL REPORT TO CONGRESS.—The Ad-
ministrator shall review each report submitted under 
paragraph (1) for technical validity and compile 
such reports in an annual report on the Federal 
Government’s progress toward carbon neutrality. 
The Administrator shall submit such annual report 
to the Committee on Oversight and Government Re-
form of the House of Representatives and the Com-
mittee on Governmental Affairs of the Senate and 
make such annual report publicly available on the 
Environmental Protection Agency’s website. 
(3) ELECTRONIC
SUBMISSION.—In complying 
with any requirement of this title for submission of 
inventories, plans, or reports, an agency shall use 
electronic reporting in lieu of paper copy reports. 
SEC. 103. PILOT PROJECT FOR PURCHASE OF OFFSETS AND 
CERTIFICATES. 
(a) PILOT PROJECT.—Executive agencies and legisla-
tive branch offices may purchase qualified greenhouse gas 
offsets and qualified renewable energy certificates in any 
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open market transaction that complies with all applicable 
procurement rules and regulations. 
(b) QUALIFIED GREENHOUSE GAS OFFSETS.—For 
purposes of this section, the term ‘‘qualified greenhouse 
gas offset’’ means a real, additional, verifiable, enforce-
able, and permanent domestic— 
(1) reduction of greenhouse gas emissions; or 
(2) sequestration of greenhouse gases. 
(c) QUALIFIED
RENEWABLE
ENERGY
CERTIFI-
CATES.—For purposes of this section, the term ‘‘qualified 
renewable energy certificate’’ means a certificate rep-
resenting a specific amount of energy generated by a re-
newable energy project that is real, additional, and 
verifiable. 
(d) GUIDANCE.—No later than 180 days after the 
date of enactment of this section, the Administrator shall 
issue guidelines, for Executive agencies, establishing cri-
teria for qualified greenhouse gas offsets and qualified re-
newable energy certificates, which shall— 
(1) establish performance standards for green-
house gas offset projects that benchmark reliably ex-
pected greenhouse gas reductions from identified 
categories of projects that reduce greenhouse gas 
emissions or sequester carbon in accordance with 
subsection (b); and 
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