§ 40710 Emissions Reduction Banking Rights

• •If a company reduces air pollution, they get a certificate proving it.
• •The company can save these pollution reductions for later use.
• •Only the company that earned the reductions can use or give permission to use them.
• •The certificate is not like money or property—it’s just proof of the reductions.

A factory installs new filters to cut down on smoke coming out of its chimneys.

The factory gets a certificate showing how much less pollution it’s making. The factory can save this reduction and use it later if they need to pollute a little more for a short time. No one else can use this reduction unless the factory says it’s okay.