Trinity Air Quality: Cap-and-Trade
Trinity's multi-disciplined staff provides the highest quality cap-and-trade (C&T) support services that enhance strategic planning and regulatory compliance while maximizing operational flexibility. Trinity helps its clients accomplish this by combining regulatory expertise, technical proficiency, responsiveness, and creative thinking.
We offer strategic advisory and consulting services to prepare and support clients in all phases of C&T regulatory programs, including:
- Early stages of rule development
- Annual reporting and compliance
- Buying/selling of allowances
- Air pollution control plans and compliance forecasting
What is the Cap-and-Trade Program?
Cap - The government puts a limit, or “cap”, on the amount of Greenhouse Gas Emissions (GHG) facilities can produce in a given year. Companies are given a certain number of allowances that dictate the amount of emissions they're able to expose to the environment for the given year. The cap gets stricter every year.
Trade - Facilities are able to buy and sell their allowances depending on what's necessary. For example, if a company has made mechanical updates that has reduced their GHG emissions, they may not need all of their allowances. They can then sell the unused allowances to companies who need them.
Who is subject to the Cap-and-Trade Program?
California Cap and Trade - If you are an owner or operator of a large electric power plant, large industrial power plant, or fuel distributor in the state of California the C&T rule applies to you.
Regional Greenhouse Gas Initiative - If you are in the Power Industry, and are located in one of the below states, you are subject to the Regional Greenhouse Gas Initiative and must comply with established CO2 emissions limits.
- New Hampshire
- New Jersey
- New York
- Rhode Island
Depending upon the specific rules developed by the regulatory authority, C&T facilities must contend with numerous compliance requirements that far exceed traditional air pollution regulations, which may include:
- Declining annual permit limits
- Industry benchmarking for free credit allowances
- Daily, monthly and/or annual emissions reporting
- Quarterly and annual permit reconciliations
- Buying and selling of emission credits
- Forecasting future emissions and credit needs
- Developing air pollution control plans and strategies
- Continuous Emissions Monitoring (CEMS)
- Frequent regulatory audits, inspections and testing
- Independent 3rd party verifications
Trinity Can Help - Contact Us Today!
Trinity regularly monitors the development of C&T programs and actively supports hundreds of regulated facilities throughout the United States and international territories. For more information on Trinity's C&T regulatory services, please call us at (800) 229-6655 or contact us online.