New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 27C - CO[2] BUDGET TRADING PROGRAM
Subchapter 10 - CO[2] EMISSIONS OFFSET PROJECTS
Section 7:27C-10.1 - Purpose

Universal Citation: NJ Admin Code 7:27C-10.1
Current through Register Vol. 56, No. 24, December 18, 2024

The Department will award CO[2] offset allowances to sponsors of CO[2] emissions offset projects that have reduced or avoided atmospheric loading of CO, CO[2] equivalent, or sequestered carbon as demonstrated in accordance with the applicable provisions of this subchapter. The requirements of this subchapter are designed to ensure that CO[2] offset allowances awarded represent CO-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 at N.J.A.C. 7:27C-6.9(a)3, any CO[2] Budget source may use CO[2] offset allowances for compliance purposes.

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