New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XI - New York State Energy Research And Development Authority
Part 507 - Co Allowance Auction Program
Section 507.1 - Purpose

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 507.1
Current through Register Vol. 46, No. 12, March 20, 2024

The purpose of this Part is to provide for the administration and implementation by the New York State Energy Research and Development Authority ("authority") of CO 2 allowance auctions and programs to promote the purposes of the energy efficiency and clean energy technology account ("the account") as provided by the CO 2 Budget Trading Program at 6 New York Codes, Rules and Regulations (NYCRR) Part 242. This Part complements the provisions of the CO 2 Budget Trading Program, which was established by the New York State Department of Environmental Conservation to stabilize and then reduce anthropogenic emissions of CO 2, a greenhouse gas, from CO 2 budget sources in an economically efficient manner.

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