6.1.3.3. Massachusetts

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In September 1993, Massachusetts officials announced a trading program involving new and existing stationary source and mobile source emissions of three pollutants: VOC, NOx, and CO. The program allows sources to bank emission reduction credits (ERC) obtained for reducing emissions below permitted levels. On February 22, 1995 the US EPA gave tentative approval to the program. In June 1995, Massachusetts officials announced the first trade under the program, as Montaup Electric bought NOx credits from New England Power Company. Montaup Electric also announced that it would donate to the state 5 percent of the 65 tons of ERCs it purchased and retire any credits it does not use.

6.1.3.3. Massachusetts

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