Air Board creates emission credits standards.SACRAMENTO, Calif.--(BUSINESS WIRE)--May 22, 1997--The California Air Resources Board California Air Resources Board (CARB) is the "clean air agency" of the state of California in the United States. Established originally in 1967, it is a part of the California Environmental Protection Agency, an organization which reports directly to the California (ARB) today created a uniform framework to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. air emissions credit trading that would allow businesses to buy, sell, bank or trade emissions credits within the state's 35 air pollution control districts. "This environmentally protective system sets down minimum requirements but allows each local district a great deal of latitude about what to put into its own rules," said ARB Chairman John Dunlap John Dunlap (1747 – November 27, 1812) was the printer of the first copies of the Declaration of Independence. He was born in Strabane, Northern Ireland in 1747, and died in Philadelphia, Pennsylvania, November 27, 1812. . Dunlap said emissions credit trading systems The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. will allow creation of new businesses and the expansion of existing business while still protecting a district's air quality. The new state regulation, mandated by legislation (AB 1777) which was adopted in 1995, creates a uniform standard for generating emission credits and provides a general framework for trading those credits within a district. The regulation also identifies general requirements and criteria the local air districts must meet in certifying, calculating, banking and using emission credits. The ARB regulation also assures that emission credits represent real reductions in air pollutants pollutants see environmental pollution. , that the reductions are beyond any reductions already required and that the reductions are not "doubled counted" or credited more than once. The credits could be used by the generator, traded for use by another source, or retained and "banked" for future use. There are many ways emission credits could be used. Possible examples include: An existing business installs pollution control equipment that cuts its air emissions below required levels. That business receives emission credits which it can sell to another business that is emitting e·mit tr.v. e·mit·ted, e·mit·ting, e·mits 1. To give or send out (matter or energy): isotopes that emit radioactive particles; a stove emitting heat. 2. a. air pollutants above its required level. In another scenario, a local industrial source that must cut air emissions could forego new pollution control equipment by purchasing air pollution credits from another industry that has already cut its emissions below required levels. Or, a business that would go over its air pollution limit because of a proposed expansion could pay another industry to reduce its air pollutants so the expansion could be completed. The key principle established by the regulation is that of equivalency equivalency the combining power of an electrolyte. See also equivalent. -- the use of interchangeable credits must not result in greater emissions on an annual basis than would otherwise have occurred. The Air Resources Board is a department of the California Environmental Protection Agency The California Environmental Protection Agency (Cal/EPA) was created in 1991 by Governor Pete Wilson, through an executive order.[1] The agency combined six board, departments, and offices into one cabinet-level office:[2] CONTACT: Air Resources Board Jerry Martin/Allan Hirsch/Richard Varenchik, 916/322-2990 www.arb.ca.gov |
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