SCH Number 2010022066

Project Info

Title

Draft Amendments to Rule 2301 (Emission Reduction Credit Banking)

Description

The purpose of this rule project is to amend Rule 2301 (Emission Reduction Credit Banking). The goals of the draft amendments to Rule 2301 are to provide a mechanism to preserve voluntary high quality greenhouse gas emission reductions. Unlike most District rules, the draft amendments to Rule 2301 do not create any new requirements for regulated sources - they are voluntary in nature. The draft amendments are designed to assist Valley residents and businesses who choose, or are required by some third party of regulatory requirement, to mitigate GHG emissions. The draft amendments would allow facilities to preserve GHG emission reductions and allow for the trading and retirement of such emission reductions. The draft amendments do not require that facilities bank GHG emission reductions, nor do they require that such reductions be used in any way, such as to mitigate emissions increases.

3 documents in project