CO2 EMISSIONS OFFSET PROJECTS
§ 145.391. Purpose.
The Department may award CO2 offset allowances to sponsors of CO2 emissions offset projects that have reduced or avoided atmospheric loading of CO2, CO2e or sequestered carbon as demonstrated in accordance with the applicable provisions of § § 145.391—145.397 (relating to CO2 emissions offset projects). The requirements of § § 145.391—145.397 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 § 145.355(a)(3) (relating to compliance), CO2 offset allowances may be used by any CO2 budget source for compliance purposes.
Cross References This section cited in 25 Pa. Code § 145.302 (relating to definitions); 25 Pa. Code § 145.392 (relating to definitions); 25 Pa. Code § 145.393 (relating to general requirements); 25 Pa. Code § 145.394 (relating to application process); 25 Pa. Code § 145.395 (relating to CO2 emissions offset project standards); and 25 Pa. Code § 145.397 (relating to award and recordation of CO2 offset allowances).
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