Latest Insight
First Look: Oil is lower by more than $1 after Fed comments imply rates may stay high
Latest Insight
First Look: Oil is lower by more than $1 after Fed comments imply rates may stay high

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Environmental Markets / Emission Reduction Credits

Emission Reduction Credits (ERCs)

Emission Reduction Credits (ERCs) are generated and earned by a permitted emissions source when it reduces air emissions beyond what is required by permits and rules. ERCs can be used by their owners or sold to companies that need ERCs for their own air permits.

  • ERCs are generally not related to GHG or CO2. They are issued for regional air pollutant reduction (NOx, VOC, PM, SOx, & CO);
  • An ERC can be generated by facilities that permanently reduce their emissions through a facility shutdown, process change, or installing control technology. The Clean Air Act and regional regulations determine which reductions qualify for ERCs;
  • ERCs are issued and traded in units of tons per year;
  • There is no minimum or maximum limit on the number of reductions that may be eligible for ERC certificates, assuming standard criteria are met; and
  • ERCs are only issued for reductions of actual emissions that are real, quantifiable, enforceable, permanent, and surplus.

Discrete Emission Reduction Credits (DERCs)

Discrete Emission Reduction Credits (DERCs) differ from ERC’s in that they are the reductions in emissions that occur over a specified period of time. These offsets are considered to be temporary reductions under permitted levels. DERCs only offset emissions for one year, unlike ERCs which allow a facility to emit into perpetuity. Companies that have a temporary increase in emissions tend to prefer DERCs as opposed to ERCs for offset purposes mainly due to cost.

Want to generate or trade emission reduction credits to reach your sustainability goals?

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Reduce Carbon Compliance Costs

Strategies for California and Quebec facilities to reduce their compliance cost in the Carbon Cap and Trade Program

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ARIZONA

Arizona Department of Environmental Quality (AZDEQ)

CALIFORNIA

Antelope Valley

Bay Area Air Quality Management District (BAAQMD)

Eastern Kern

Imperial County

Mojave Air Quality Management District (MAQMD)

North Coast Unified Air Quality Management District (NCUAQMD)

Sacramento Metropolitan Air Quality Management District (SMAQMD)

San Diego

San Joaquin Valley Air Pollution Control District (SJAPCD)

San Luis Obispo

Santa Barbara

South Coast Air Quality Management District (SCAQMD)

Ventura

CONNECTICUT

Connecticut Department of Energy and Environmental Protection (CDEEP)

DELAWARE

Delaware Department of Natural Resources and Environmental Control (DNREC)

GEORGIA

Georgia Department of Natural Resources Environmental Protection Division

ILLINOIS

Illinois Environmental Protection Agency (IEPA)

INDIANA

Indiana Department of Environmental Management (IDEM)

LOUISIANA

Louisiana Department of Environmental Quality (LDEQ)

MARYLAND

Maryland Department of the Environment (MDEP)

MASSACHUSETTS

Massachusetts Department of Environmental Protection (MassDEP)

NEVADA

Nevada Division of Environmental Protection (NDEP)

NEW JERSEY

New Jersey Department of Environmental Protection (NJDEP)

 

NEW YORK

New York Department of Environmental Conservation (NYDEC)

OHIO

Ohio Environmental Protection Agency (OEPA)

PENNSYLVANIA

Pennsylvania Department of Environmental Protection (PADEP)

RHODE ISLAND

Rhode Island Department of Environmental Management (RIDEM)

TEXAS

Texas Commission on Environmental Quality (TCEQ)

UTAH

Utah Department of Environmental Quality (UDEQ)

VIRGINIA

Virginia Department of Environmental Quality (VDEQ)

WASHINGTON DC

District of Columbia Department of Energy & Environment (DOEE)

WYOMING

Wyoming Department of Environmental Quality (WDEQ)

Differentiators

AEGIS is the recognized industry leader because of our:

Technology

Unmatched Technology

We leverage technology to distribute information, improve execution, assess scenarios, and deliver actionable insights through web and mobile apps. And our investment is ongoing.

Graph

Best Execution

We tailor recommendations to specific budgets, underwriting, lender covenants, and investor objectives – and partner with over 40 counterparties to arrive at fair value.

Insight

Unique Insight

The scale of our platform, a team dedicated to studying global commodity and rate markets, and an unmatched client base allow us to offer a unique perspective.

Focus

Complete Focus

It would be easy to pursue compromising activities and fee structures. We are 100% focused on capital and cash flow protection through fixed-fee contracts. No conflicts. Ever.

 

 500+

Entities

40+

Counterparties

75+

Sponsors and Lenders

15+

Years in Business

 

8x Global Leader as Hedging Advisory Firm

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