Or. Admin. R. 340-271-0900 - Purposes of Community Climate Investments and Eligible Uses of CCI Funds
(1) The purposes of
community climate investments are to:
(a)
Provide covered entities with an optional means of meeting part of their
compliance obligation for one or more compliance periods;
(b) Reduce anthropogenic greenhouse gas
emissions in Oregon by an average of at least one MT CO2e per CCI credit
distributed by DEQ ;
(c) Reduce
emissions of other air contaminants that are not greenhouse gases, particularly
in or near environmental justice communities in Oregon;
(d) Promote public health, environmental, and
economic benefits for environmental justice communities throughout Oregon to
mitigate impacts from climate change, air contamination, energy costs, or any
combination of these; and
(e)
Accelerate the transition of residential, commercial , industrial and
transportation-related uses of fossil fuels in or near environmental justice
communities in Oregon to zero or to other lower greenhouse gas emissions
sources of energy in order to protect people, communities and businesses from
increases in the prices of fossil fuels.
(2) A CCI entity may use CCI funds only for:
(a) Implementing eligible projects in Oregon,
which are actions that reduce anthropogenic greenhouse gas emissions that would
otherwise occur in Oregon. Eligible projects include, without limitation,
actions that reduce emissions in Oregon resulting from:
(A) Transportation of people, freight, or
both;
(B) An existing or new
residential use or structure;
(C)
An existing or new industrial process or structure; and
(D) An existing or new commercial use or
structure.
(b) The costs
of administering CCI funds and eligible projects, including costs of reporting
and other requirements included in OAR 340-271-0930 and costs of
capacity-building for implementation of eligible projects.
Notes
Statutory/Other Authority: ORS 468.020, 468A.025 & 468A.040
Statutes/Other Implemented: ORS 468.020, 468A.025, 468A.040, 468.035, 468A.010, 468A.015 & 468A.045
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