SECTION 155:30-1-1. Purpose and authority

  The rules in this Chapter are promulgated for the purpose of establishing and administering the Oklahoma Carbon Sequestration Certification Program, pursuant to the Oklahoma Carbon Sequestration Enhancement Act. These rules describe and establish the requirements for voluntary participation in the Program. The rules define carbon dioxide and an Oklahoma verified carbon offset. The rules also describe how to register Oklahoma carbon offsets on the Oklahoma Carbon Offset Registry. Additionally, the rules describe the process to become recognized as a state approved aggregator or verifier of carbon offsets. These rules are to ensure that each transferable Oklahoma verified offset is a true representation of the quantity of stored greenhouse gas that it is claimed to represent, and that each offset is only claimed once for the purposes of emissions reduction. Such assurance is fundamental to the sale, trade, or transfer of greenhouse gas offsets.

[Source: (For information about related emergency rules, see Editor’s Note at beginning of Chapter); Added at 26 Ok Reg 1388, eff 7-1-09]