Nev. Admin. Code § 445B.386 - Retirement of or moratorium on issuance or use; notice

1. The Director shall have the authority to retire an emission reduction credit that is banked or impose a temporary or permanent moratorium on the issuance or use of emission reduction credits:

(a) To prevent an exceedance of the national ambient air quality standards;

(b) To establish baseline emissions or future emission projections for a state implementation plan or maintenance plan;

(c) To ensure reasonable further progress of the state implementation plan; or

(d) To control air quality within an airshed or nonattainment area.

2. The Director shall notify each owner of an emission reduction credit affected by any action pursuant to subsection 1 at least 7 days before the action takes effect. The notification must include:

(a) A description of the action;

(b) A summary of the justification for the action;

(c) For each specific pollutant, a summary of the ownership and amount of emission reduction credits being retired, if applicable; and

(d) The duration of a temporary moratorium, if applicable.

Notes

Nev. Admin. Code § 445B.386

Added to NAC by Environmental Comm'n by R054-15, eff. 10/27/2015

NRS 445B.210, 445B.300