Can a banked emission reduction credit be returned to the bank at its full value?
Once a banked emission credit is put into use in order to meet an emission offset requirement, the emission reduction credit is retired from the bank. Should the source that is using the credit find it no longer needs the credit, say for example the source shuts down an emission unit, the operator must submit an application for an entirely new emission reduction credit, and the source of the reductions, in this example the shutdown of an emission unit, must qualify the reductions as emission reduction credits in accordance with the provisions of Rule 806.
Related Questions
- Do all emission reductions have to clear through the bank or can an operator use on-site emission reductions to meet emission reduction requirements?
- Why does the value of deposits on the commission statement from the Bank not equal the amount banked by the students?
- Can a banked emission reduction credit be returned to the bank at its full value?
