Section 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.Cal. Code Regs. Tit. 17, § 95944
1. New section filed 9-18-2017; operative 10-1-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 38). 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.
1. New section filed 9-18-2017; operative 10/1/2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 38).