Date: November 29, 2001
Source: News Room
EPA has announced the latest innovation in air emissions trading, the Online Allowance Transfer System. This time-saving online system will enable participants in the sulfur dioxide and nitrogen oxide markets to record trades directly on the Internet instead of submitting paper forms to EPA for processing. A trading unit is called an Oallowance,¹ and is equivalent to one ton of air emissions. EPA¹s tracking systems, which currently hold allowances with a combined value over $20 billion, record official SO2 and NOx allowance transfers under existing emission cap and trade programs. Anyone anywhere in the world can participate in the market, and hundreds of companies, brokers and individuals are already engaged in trading. EPA officials hope the online system will streamline and accelerate emission trading, saving industry and government time and money. More information: www.epa.gov/airmarkets/transfer/index.html.
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