Md. Code Regs. 26.09.03.01

Current through Register Vol. 51, No. 22, November 1, 2024

Section 26.09.03.01 - Purpose

The Department shall provide for the award of CO₂ offset allowances to project sponsors of CO₂ emissions offset projects that have demonstrated a reduction or avoidance of atmospheric loading of CO₂, CO₂ equivalent, or sequestered carbon. These requirements ensure that the awarded CO₂ offset allowances represent real, additional, verifiable, enforceable, and permanent CO₂ equivalent emission reductions or carbon sequestration. Subject to the relevant compliance deduction limitations identified in COMAR 26.09.02.03K, CO₂ offset allowances may be used by any CO₂ budget source for compliance purposes.

Regulation .01 amended effective 45:26 Md. R. 1249, eff. 12/31/2018