The San Joaquin Valley Air Pollution Central District (SJVAPCD) has released a Final Draft Staff Report and proposed rule revising Rule 2301 that concerns the banking of greenhouse gas (GHG) reductions.
The rule amends the SJVUAPCD’s existing offset banking Rule 2301 and would allow entities to bank GHG credits generated by protocols issued by California Air Resources Board (CARB) or credits that can be properly verified under the existing rule. The bank is to be used for instances when an entity requires GHG offsets for CEQA purposes. At this time, the credits would not be available for Cap & Trade. The workshop for this rule was held on September 7, 2011.