North Carolina Administrative Code
Title 15A - Environmental Quality
Chapter 02 - ENVIRONMENTAL MANAGEMENT
Subchapter D - AIR POLLUTION CONTROL REQUIREMENTS
Section .2300 - BANKING EMISSION REDUCTION CREDITS
Section 02D .2302 - DEFINITIONS
Current through Register Vol. 39, No. 6, September 16, 2024
For the purposes of this Section, the following definitions shall apply:
(1) "Air permit" means a construction and operation permit issued pursuant to 15A NCAC 02Q .0300, Construction and Operation Permits, or 15A NCAC 02Q .0500, Title V Procedures.
(2) "Banking" means a system for recording emission reduction credits so that they may be used or transferred in the future.
(3) "Enforceable" means enforceable by the Division. Methods for ensuring that emission reduction credits are enforceable include conditions in air permits issued by the Division.
(4) "Federally designated ozone nonattainment area in North Carolina" means an area designated as nonattainment for ozone and described in 40 CFR 81.334.
(5) "Federally designated fine particulate (PM2.5) nonattainment area in North Carolina" means an area designated as nonattainment for fine particulate (PM2.5) and described in 40 CFR 81.334.
(6) "Netting Demonstration" means the act of calculating a "net emissions increase" pursuant to the preconstruction review requirements of Title I, Part D of the federal Clean Air Act and 15A NCAC 02D .0530, Prevention of Significant Deterioration, or 15A NCAC 02D .0531, Sources in Nonattainment Area.
(7) "Permanent" means assured for the life of the corresponding emission reduction credit through an enforceable mechanism such as a permit condition or revocation.
(8) "Quantifiable" means that the amount, rate, and characteristics of the emission reduction credit can be estimated through a reliable, reproducible method.
(9) "Real" means a reduction in actual emissions emitted into the air.
(10) "Surplus" means not required by any local, State, or federal law, rule, order, or requirement and in excess of reductions used by the Division in issuing any air permit, in excess of any conditions in an air permit to avoid an otherwise applicable requirement, or to demonstrate attainment of ambient air quality standards in 15A NCAC 02D .0400 or reasonable further progress towards achieving attainment of ambient air quality standards. For determining the amount of surplus emission reductions, a seasonal emission limitation or standard shall be assumed to apply throughout the year. The following shall not be considered surplus:
Authority
G.S.
143-215.3(a)(1);
143-215.107(a)(12);
Eff. December 1, 2005;
Readopted Eff. November 1,
2019.