ERC Transactions
Transfers of ERCs are arranged directly between transferors (sellers) and transferees (buyers). The quantity of ERCs shown on a certificate can be transferred in full or in part.
Note: Possession of an ERC certificate does not guarantee that the holder is the rightful owner or that the credits are valid. Buyers should contact the AQMD prior to entering into any agreement to purchase ERCs.
To facilitate this process, the Sac Metro Air District maintains a current list of active (unused) ERC certificates and a contact list for the ERC certificate owners. (These documents are current as of April 8, 2022. In addition, the California Air Resources Board publishes an annual summary of ERC transactions in the state, showing the amount and price of credits for each transaction.
An owner of an ERC certificate can also request that the ERC amounts be split among two or more new certificates.
A request to transfer ownership or to split an ERC certificate must be submitted in writing to the Sac Metro Air District. The written request must include:
- A clear explanation of the action to be taken with each certificate. For example, if credits are being transferred from a seller to a buyer, specify the amount of credits to be transferred to the buyer and any remaining amount to be returned to the seller. If a certificate is being split into two or more new certificates, specify the amount of credits to be listed on each ERC certificate.
- A written document, signed by the transferor within the previous 30 days, authorizing the transfer of the ERCs (not required for splits).
- The original certificate, signed by the transferor (or owner for splits).
- Payment of a processing fee, based on one hour of staff time at the current hourly rate (see section 315 of Rule 301 – Permit Fees - Stationary Source).