North Carolina Administrative Code › Title 15A - Environmental Quality › Chapter 02 - Environmental Management › Subchapter D - AIR POLLUTION CONTROL REQUIREMENTS › Section .2300 - BANKING EMISSION REDUCTION CREDITS › Section 02D .2302 - DEFINITIONS

Current through Register Vol. 39, No. 2, July 15, 2024
For the purposes of this Section, the following definitions
					 shall apply:
(1) "Air permit" means a
				  construction and operation permit issued pursuant to
				  15A NCAC
				  02Q .0300, Construction and Operation
				  Permits, or
				  15A NCAC
				  02Q .0500, Title V Procedures.
(2) "Banking" means a system for recording
				  emission reduction credits so that they may be used or transferred in the
				  future.
(3) "Enforceable" means
				  enforceable by the Division. Methods for ensuring that emission reduction
				  credits are enforceable include conditions in air permits issued by the
				  Division.
(4) "Federally designated
				  ozone nonattainment area in North Carolina" means an area designated as
				  nonattainment for ozone and described in
				  40 CFR
				  81.334.
(5) "Federally designated fine particulate
				  (PM2.5) nonattainment area in North Carolina" means an area designated as
				  nonattainment for fine particulate (PM2.5) and described in
				  40 CFR
				  81.334.
(6) "Netting Demonstration" means the act of
				  calculating a "net emissions increase" pursuant to the preconstruction review
				  requirements of Title I, Part D of the federal Clean Air Act and
				  15A NCAC
				  02D .0530, Prevention of Significant
				  Deterioration, or
				  15A NCAC
				  02D .0531, Sources in Nonattainment
				  Area.
(7) "Permanent" means assured
				  for the life of the corresponding emission reduction credit through an
				  enforceable mechanism such as a permit condition or revocation.
(8) "Quantifiable" means that the amount,
				  rate, and characteristics of the emission reduction credit can be estimated
				  through a reliable, reproducible method.
(9) "Real" means a reduction in actual
				  emissions emitted into the air.
(10) "Surplus" means not required by any
				  local, State, or federal law, rule, order, or requirement and in excess of
				  reductions used by the Division in issuing any air permit, in excess of any
				  conditions in an air permit to avoid an otherwise applicable requirement, or to
				  demonstrate attainment of ambient air quality standards in
				  15A NCAC
				  02D .0400 or reasonable further progress
				  towards achieving attainment of ambient air quality standards. For determining
				  the amount of surplus emission reductions, a seasonal emission limitation or
				  standard shall be assumed to apply throughout the year. The following shall not
				  be considered surplus:
(a) emission
				  reductions that have previously been used to avoid
				  15A NCAC
				  02D .0530 or
				  02D .0531 (new source review)
				  through a netting demonstration;
(b) emission reductions in hazardous air
				  pollutants listed pursuant to Section 112(b) of the federal Clean Air Act to
				  the extent needed to comply with
				  15A NCAC
				  02D .1109,
				  02D .1111, or .1112. However,
				  emission reductions in hazardous air pollutants that are also volatile organic
				  compounds beyond that necessary to comply with
				  15A NCAC
				  02D .1109,
				  02D .1111, or .1112 shall be
				  surplus; or
(c) emission reductions
				  used to offset excess emissions from another source as part of an alternative
				  mix of controls ("bubble") demonstration pursuant to
				  15A NCAC
				  02D .0501.