Cal. Code Regs. Tit. 17, § 95944 - Retirement-Only Limited Linkage
(a) The Board may approve a Retirement-Only
Limited Linkage with an external GHG ETS pursuant to the procedure in section
95941.
(1) A Retirement-Only Limited Linkage allows
California covered or opt-in covered entities to arrange for the retirement of
compliance instruments in the linked GHG ETS and to obtain approval from the
Executive Officer for credit towards their compliance obligation.
(2) The Board approval will specify the types
of compliance instruments from the linked GHG ETS that may be used to meet a
compliance obligation under this Article.
(3) The Board approval may specify
limitations on the use of compliance instruments from the linked GHG ETS, such
as quantitative use restrictions.
(b) Administration.
(1) The linkage agreement will ensure that
purchases, transfers, and retirements of compliance instruments by California
registered entities in the linked GHG ETS will follow the rules of that
system.
(2) The linkage agreement
will require the external GHG ETS to provide the accounts administrator with
documentation on the compliance instruments retired by California entities on
the linked GHG ETS at the time of each California compliance
event.
Notes
Note: Authority cited: Sections 38510, 38560, 38562, 38570, 38571, 38580, 39600 and 39601, Health and Safety Code. Reference: Sections 38530, 38560.5, 38564, 38565, 38570 and 39600, Health and Safety Code; and Section 12894, Government Code.
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