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Rule 2202
MSERCs
Stationary:
California Carbon
CAIR
RECLAIM
HGA MECT
DERCs
SO2
ERCs
State Specific
Arizona
North CA Air Basins
California - SMAQMD
California - SJVAPCD
California - VCAPCD
California - BAAQMD
California - SDAPCD
California - ICAPCD
California - SCAQMD
Louisiana
Michigan
Nevada
Texas

Contact Us:

Email:
ebs@bgcpartners.com

Phone:
+1 646 346 6899

 

EMISSIONS

Emission Reduction Credits

Market Overview

Emission Reduction Credits (“ERCs”) or Offsets are created through process change, installation of control equipment, or the curtailment or shutdown of a facility or equipment.   ERCs are often required for new or expanding sources to offset their potential emission increases.  ERC offset requirements vary by state and attainment classification.

Each state and/or region has very specific requirements for the creation and use of the ERCs. In order to be recognized by the State government, emission reduction credits need to be recognized as real, permanent, surplus, and enforceable.  ERCs are usually classified as tons per year or pounds per day and are sold in perpetuity.  Companies that plan to build a new facility or  expand onto an existing project may be required to obtain ERCs, if they are located in an area that exceeds the National Ambient Air Quality Standards.  These Non-Attainment areas are given a classification based on the severity of pollution level and air quality standard they exceed.   Types of ERC pollutant types also vary by state and region, common types include PM10, VOC, SOx, NOx, and CO.  The ERC market widely varies by state and/or region; active trading programs include:

 

Arizona
California
- San Joaquin Valley
- Sacramento
- San Francisco Bay Area
- Los Angeles (SCAQMD)
- San Diego
- Imperial Valley
- Mojave Desert
- Ventura
Colorado
Indiana
Louisiana
Michigan
Nevada
New Jersey
New York
North Carolina
Pennsylvania
Texas