N.M. Code R. § 20.11.60.24 Banking of Emission Reduction

• Library: New Mexico Administrative Code
• Edition: 2023
• Currency: Current through Register Vol. 34, No. 24, December 19, 2023
• Citation: N.M. Code R. § 20.11.60.24
• Year: 2023

A. Any stationary source which decreases actual emissions of a regulated new source review pollutant in excess of the requirements of 20.11.60 NMAC or any other applicable air quality regulation or permit emission limitation may preserve or bank such excess emission reductions for sale or future use.

B. The owner or operator desiring to preserve such reductions shall submit a written request prior to the actual emission reduction to the department which contains the following information:

(1) a detailed description of the process(es) to be controlled and the control technology to be used; and

(2) emission calculations showing the types and amounts of actual emissions to be reduced and

(3) the effective date(s) of such reductions.

C. The department shall:

(1) verify the amount of emission reduction claimed in the written request; and

(2) approve or deny the request for banking of the emission reduction and notify the applicant in writing of the decision and

(3) keep appropriate records of any emission reduction accepted for banking; and

(4) for the case where emission reductions are approved in excess of those required for obtaining a permit under 20.11.60 NMAC, the department shall make such reductions a condition of the permit and

(5) for the case where emission reductions are approved not in conjunction with granting a permit, the department shall preserve such reductions as a state implementation plan revision which must be approved by the board.

D. Use and sale of emission reductions.

(1) The use of any preserved emission reduction is confined to meeting the emission offset requirements of 20.11.60 NMAC or 20.11.41 NMAC.

(2) The provisions of 20.11.60 NMAC apply to the...