6 CRR-NY 242-5.2NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 6. DEPARTMENT OF ENVIRONMENTAL CONSERVATION
CHAPTER III. AIR RESOURCES
SUBCHAPTER A. PREVENTION AND CONTROL OF AIR CONTAMINATION AND AIR POLLUTION
PART 242. CO2 BUDGET TRADING PROGRAM
SUBPART 242-5. CO2 ALLOWANCE ALLOCATIONS
6 CRR-NY 242-5.2
6 CRR-NY 242-5.2
242-5.2 CO2 Budget Trading Program adjusted budget.
(a) For allocation years 2014 through 2020, the New York CO2 Budget Trading Program adjusted budget shall be the maximum number of allowances available for allocation in a given allocation year, except for CO2 offset allowance and CO2 CCR allowances. For allocation year 2021 and each succeeding allocation year, the CO2 Budget Trading Program adjusted budget shall be the same as the CO2 Budget Trading Program base budget.
(b) First control period interim adjustment for banked allowances.
By January 15, 2014 the department shall determine the first control period interim adjustment for banked allowances quantity for allocation years 2014 through 2020 by the following formula:
FCPIABA = (FCPA/7) x RS%
Where:
FCPIABA is the first control period interim adjustment for banked allowances quantity in tons.
FCPA, the first control period adjustment, is the total quantity of allocation year 2009, 2010 and 2011 CO2 allowances held in general and compliance accounts, including compliance accounts established pursuant to the CO2 Budget Trading Program, but not including accounts opened by participating states, as reflected in the CO2 Allowance Tracking System on January 1, 2014.
FCPA, the first control period adjustment, is the total quantity of allocation year 2009, 2010 and 2011 CO2 allowances held in general and compliance accounts, including compliance accounts established pursuant to the CO2 Budget Trading Program, but not including accounts opened by participating states, as reflected in the CO2 Allowance Tracking System on January 1, 2014.
RS% is 64,310,805/165,184,246
(c) Second control period interim adjustment for banked allowances.
On March 17, 2014 the department shall determine the second control period interim adjustment for banked allowances quantity for allocation years 2015 through 2020 by the following formula:
SCPIABA = ((SCPA-SCPE)/6) x RS%
Where:
SCPIABA is the second control period interim adjustment for banked allowances quantity in tons.
SCPA, the second control period adjustment, is the total quantity of allocation year 2012 and 2013 CO2 allowances held in general and compliance accounts, including compliance accounts established pursuant to the CO2 Budget Trading Program, but not including accounts opened by participating states, as reflected in the CO2 Allowance Tracking System on March 17, 2014.
SCPE, the second control period emissions, is the total quantity of calendar year 2012 and 2013 emissions from all CO2 budget sources in all participating states, reported pursuant to the CO2 Budget Trading Program as reflected in the CO2 Allowance Tracking System on March 17, 2014.
RS% is 64,310,805/165,184,246
(d) CO2 Budget Trading Program adjusted budget for 2014.
The department shall determine the New York CO2 Budget Trading Program adjusted budget for the 2014 allocation year by the following formula:
AB = BB – FCPIABA
Where:
AB is the New York CO2 Budget Trading Program 2014 adjusted budget in tons.
BB is the New York CO2 Budget Trading Program 2014 base budget in tons.
FCPIABA is the first control period interim adjustment for banked allowances quantity in tons.
(e) CO2 Budget Trading Program adjusted budgets for 2015 through 2020.
On April 15, 2014, the department shall determine the New York CO2 Budget Trading Program adjusted budgets for the 2015 through 2020 allocation years by the following formula:
AB = BB - (FCPIABA + SCPIABA)
Where:
AB is the New York CO2 Budget Trading Program 2015 through 2020 adjusted budget for each respective allocation year in tons.
BB is the New York CO2 Budget Trading Program 2015 through 2020 base budget for each respective allocation year in tons.
FCPIABA is the first control period interim adjustment for banked allowances quantity in tons.
SCPIABA is the second control period interim adjustment for banked allowances quantity in tons.
(f) Publication of adjusted budgets.
After making the determination in subdivisions (d) and (e) of this section, the department or its agent will publish the CO2 Budget Trading Program adjusted budgets for the 2014 through 2020 allocation years.
6 CRR-NY 242-5.2
Current through May 31, 2020
End of Document© 2021 Thomson Reuters. No claim to original U.S. Government Works.