N.H. Admin. Code § Env-A 4711.01

Current through Register No. 50, December 12, 2024

Section Env-A 4711.01 - Award and Recordation of CO[2] Offset Allowances

(a) Following the issuance of a consistency determination under Env-A 4704.07(f) and the approval of a monitoring and verification report under Env-A 4711.05, the department shall award one CO₂ offset allowance for each ton of demonstrated reduction in CO₂ or CO₂ equivalent emissions or sequestration of CO₂ from a CO₂ offset project.

(b) Subject to (c), below, following the issuance of a consistency determination under Env-A 4704.07(g), the department shall award one CO₂ offset allowance for each ton of reduction of CO₂ or CO₂ equivalent or sequestration of CO₂, represented by the relevant CO₂ credits or allowances retired.

(c) If a retired credit or allowance is represented in metric tons, the department shall award 1.1023 tons for every metric ton, with the total CO₂ offset allowances awarded rounded down to the nearest whole ton.

(d) After CO₂ offset allowances are awarded under (a) through (c), above, the department shall direct the regional organization to record such CO₂ offset allowances in the project sponsor's general account.

N.H. Admin. Code § Env-A 4711.01

#9481, eff 5-23-09; ss by #10469, eff 1-1-14