N.Y. Comp. Codes R. & Regs. Tit. 6 §§ 242-10.1

Current through Register Vol. 46, No. 51, December 18, 2024

Section 242-10.1 - CO[2] emissions offset purpose

The department will provide for the award of CO₂ offset allowances to sponsors of CO₂ emissions offset projects that have reduced or avoided atmospheric loading of CO₂, CO₂ equivalent or sequestered carbon as demonstrated in accordance with the applicable provisions of this Subpart. The requirements of this Subpart seek to ensure that CO₂ offset allowances awarded represent CO₂ equivalent emission reductions or carbon sequestration that are real, additional, verifiable, enforceable, and permanent within the framework of a standards-based approach. Subject to the relevant compliance deduction limitations of section 242-6.5(a)(3) of this Part, CO₂ offset allowances may be used by any CO₂ budget source for compliance purposes.

N.Y. Comp. Codes R. & Regs. Tit. 6 §§ 242-10.1

Amended New York State Register December 16, 2020/Volume XLII, Issue 50, eff. 12/31/2020