Section 84.7 - Phasedown schedule(a)Phasedown from baseline. Total production and consumption of regulated substances in the United States in each year cannot exceed the amounts (shown as a percentage of baseline) in the following table: | Date | Percentage of
production
baseline
(percent) | Percentage of
consumption
baseline
(percent) |
| (1) 2022-2023 | 90 | 90 |
| (2) 2024-2028 | 60 | 60 |
| (3) 2029-2033 | 30 | 30 |
| (4) 2034-2035 | 20 | 20 |
| (5) 2036 and thereafter | 15 | 15 |
(b)Annual production and consumption limits.(1) The production baseline for regulated substances is 382,535,439 metric tons of exchange value equivalent.(2) The consumption baseline for regulated substances is 302,538,316 metric tons of exchange value equivalent.(3) Total production and consumption in metric tons of exchange value equivalent for regulated substances in the United States in each year is derived by multiplying the production baseline or consumption baseline by the percentage in paragraph (a) of this section. Total production and consumption allowances issued under this subpart may not exceed the quantities shown in the following table: Table 2 to Paragraph (b)(3)
| Year | Total production
(MTEVe) | Total consumption
(MTEVe) |
| (i) 2022-2023 | 344,299,157 | 273,498,315 |
| (ii) 2024-2028 | 229,521,263 | 181,522,990 |
| (iii) 2029-2033 | 114,760,632 | 90,761,495 |
| (iv) 2034-2035 | 76,507,088 | 60,507,663 |
| (v) 2036 and thereafter | 57,380,316 | 45,380,747 |
86 FR 55201 , Oct. 5, 2021, as amended at 88 FR 44225 , July 12, 2023; 88 FR 46895 , July 20, 2023 86 FR 55116, 10/5/2021; 88 FR 44225, 9/11/2023; 88 FR 46895, 9/18/2023