Title 40 Part 1033 → Subpart H → §1033.720

Title 40 → Chapter I → Subchapter U → Part 1033 → Subpart H → §1033.720

Electronic Code of Federal Regulations e-CFR

Title 40 Part 1033 → Subpart H → §1033.720

e-CFR data is current as of December 5, 2019

Title 40Chapter ISubchapter UPart 1033Subpart H → §1033.720

Title 40: Protection of Environment
Subpart H—Averaging, Banking, and Trading for Certification

§1033.720   Trading emission credits.

(a) Trading is the exchange of emission credits between certificate holders. You may use traded emission credits for averaging, banking, or further trading transactions. Traded emission credits may be used only as allowed by §1033.740.

(b) You may trade actual emission credits as described in this subpart. You may also trade reserved emission credits, but we may revoke these emission credits based on our review of your records or reports or those of the company with which you traded emission credits.

(c) If a negative emission credit balance results from a transaction, both the buyer and seller are liable, except in cases we deem to involve fraud. See §1033.255(e) for cases involving fraud. We may void the certificates of all engine families participating in a trade that results in a manufacturer/remanufacturer having a negative balance of emission credits. See §1033.745.

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