N.H. Code Admin. R. Env-A 4606.07

Current through Register No. 25, June 20, 2024

Section Env-A 4606.07 - CO[2] Budget Trading Program Adjusted Budgets

(a) The New Hampshire CO₂₂ budget trading program adjusted budget shall be 3,041,970 allowances for 2019 and 2,937,362 allowances for 2020.

(b) On or before April 15, 2021, the state of New Hampshire shall establish the New Hampshire CO₂₂ Budget Trading Program adjusted budgets for the 2021 through 2025 allocation years by the following formula:

AB = BB - TABA

(c) For purposes of the above calculation, the abbreviations used shall have the meaning indicated below:

(1) "AB" means the New Hampshire CO₂₂ budget trading program adjusted budget;

(2) "BB" means the New Hampshire CO₂₂ budget trading program base budget; and

(3) "TABA" means the third adjustment for banked allowances, with the quantity expressed in tons.

(c) After making the determination in (a) through (c), above, the department or the regional organization shall publish the CO₂₂ trading program adjusted budgets for the 2021 through 2025 allocation years.

N.H. Code Admin. R. Env-A 4606.07

#9283, INTERIM, eff 10-1-08, EXPIRED: 3-30-09

New. #9444, eff 4-3-09; ss by #10468, eff 1-1-14

Amended by Volume XL Number 2, Filed January 9, 2020, Proposed by #12967, Effective 1/1/2020, Expires 1/1/2030.