AIR OFFICIALS, STAKEHOLDERS ADVANCE NEW CREDIT GENERATION EFFORT

State and federal air officials, industry representatives and environmentalists are meeting to craft a methodology and protocol to create significantly more emission reduction credits (ERCs) in the coming years, focusing on mobile, off-road and federal sources of pollution, according to sources. This effort is considered crucial to allow for industrial growth in the state in nonattainment areas, which suffer from a very low supply of ERCs that are also very expensive. ERCs may also be needed soon if the state...