Approval and Promulgation of Implementation Plans; Massachusetts; Emissions Banking, Trading, and Averaging Program Approval
air-emissions · Rule · Published 1996-08-08 · Effective 1996-10-07 · MA · 61 FR 41335
Document
Document number
96-20241
Federal Register citation
61 FR 41335
CFR reference
40 CFR 52
Type
Rule
Action
Direct final rule.
Category
air-emissions
Publication date
1996-08-08
Effective date
1996-10-07
State
MA
EPA docket
FRL-5533-2
Abstract
The EPA is approving, in final, a State Implementation Plan (SIP) revision submitted by Massachusetts. This revision establishes a voluntary emissions banking, trading, and averaging program for eligible sources of volatile organic compounds (VOC), nitrogen oxides (NO<INF>X), or carbon monoxide (CO). The goal of these regulations is to encourage the creation, trading, and averaging of emission reduction credits in order for facilities to comply with new source review offsetting, netting, and reasonably available control technology (RACT) requirements in the most cost-effective manner. The program was adopted as a discretionary Economic Incentive Program, developed pursuant to EPA's guidance. This revision includes provisions which EPA proposed to approve in a document published on February 22, 1995.