•Emissions Reduction Market
System
•Chicago Area – Ozone Nonattainment Designation
•Program Structure
–Ozone Season Cap-n-Trade Program (May 1st – Sept. 30th)
–170 Sources Affected
–Establish Baseline Emissions
–Allocations at 12 Percent Below Baseline
•2006 Results
–Emitted 61.5 percent less VOC than baselines
emissions
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