Current through Register No. 50, December 12, 2024
Section Env-A 4707.10 - Projects That Have Been Awarded Credits by a Voluntary Greenhouse Gas Reduction Program(a) For projects that have been awarded credits by a voluntary greenhouse gas reduction program, the number of CO2 offset allowances shall be calculated pursuant to this part, without regard to the quantity of credits that were awarded to the project under the voluntary program.(b) The provisions of Env-A 4703.04(d) and Env-A 4704.01(c)(2)b. shall not apply to forest projects that have been awarded credits under a voluntary greenhouse gas reduction program provided that: (1) Such projects comply with all other requirements of this chapter;(2) At the time of submittal of the consistency application, the project manager submits forest offset data reports and a monitoring and verification report covering all prior reporting periods for which the project has been awarded credits under a voluntary greenhouse gas program;(3) The department can independently verify the information included in the consistency application either through direct communication with the voluntary greenhouse gas program or by information made public by the voluntary greenhouse gas reduction program;(4) The project sponsor lawfully terminates the contractual relationship with the voluntary greenhouse gas program through which the credits were awarded; and(5) The project sponsor or voluntary greenhouse gas reduction program cancels or retires all credits previously awarded for carbon sequestration that occurred during the time periods for which the project sponsor applies for CO2 offset allowances pursuant to Env-A 4711.N.H. Admin. Code § Env-A 4707.10