N.Y. Comp. Codes R. & Regs. tit. 21 § 507.1

Current through Register Vol. 46, No. 41, October 9, 2024

Section 507.1 - Purpose

The purpose of this Part is to provide for the administration and implementation by the New York State Energy Research and Development Authority ("authority") of CO ₂ allowance auctions and programs to promote the purposes of the energy efficiency and clean energy technology account ("the account") as provided by the CO ₂ Budget Trading Program at 6 New York Codes, Rules and Regulations (NYCRR) Part 242. This Part complements the provisions of the CO ₂ Budget Trading Program, which was established by the New York State Department of Environmental Conservation to stabilize and then reduce anthropogenic emissions of CO ₂, a greenhouse gas, from CO ₂ budget sources in an economically efficient manner.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 507.1