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Texas Health and Safety Code - HEALTH & SAFETY § 386.055. Availability of Emissions Reduction Credits Generally

Current as of January 01, 2024 | Updated by Findlaw Staff

<Chapter 386 expires pursuant to V.T.C.A., Health & Safety Code § 386.002.>

(a) A project funded under a program established under this chapter may not be used for credit under any state or federal emissions reduction credit averaging, banking, or trading program.

(b) An emissions reduction generated by a program established under this chapter:

(1) may not be used as a marketable emissions reduction credit or, except as provided by Section 386.056, to offset any emissions reduction obligation; and

(2) may be used to demonstrate conformity with the state implementation plan.

(c) A project involving a new emissions reduction measure that would otherwise generate marketable credits under state or federal emissions reduction credit averaging, banking, or trading programs is not eligible for funding under a program established under this chapter unless:

(1) the project includes the transfer of the reductions that would otherwise be marketable credits to the state implementation plan or the owner or operator as provided by Section 386.056; and

(2) the reductions are permanently retired.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 386.055. Availability of Emissions Reduction Credits Generally - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-386-055/

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