Abstract: . . .  toward new projects which result in additional energy savings or displacements beyond business as usual energy efficiency or renewable gains (providing real reductions). The five design elements listed above are discussed briefly in the executive summary of this guidance document. As with this first guidance, EPA will offer its recommendations concerning these additional elements, but also provide the states ample flexibility in designing these aspects of their programs. One key piece of information that EPA will need to know after states have made their decision on these last elements is how the . . .
. . .  include a statement indicating they are including it in their proposals for the NO x Budget Trading Program SIP submissions due to EPA in September 1999. EPA is providing the set-aside to encourage energy efficiency and renewable energy, and achieve the additional air benefits provided by these projects. Establishing a set-aside will give state energy and air officials a great opportunity to work together to take advantage of the economic and environmental benefits of energy efficiency and renewable energy as they develop their NO x strategies. The EE/RE set-aside is another mechanism to provide flexibility . . .
. . .  to measure and verify results in terms of energy saved or displaced; 4. how to translate project results (energy saved or displaced) into emissions; and 5. how to direct set-aside allowance awards toward new projects which result in additional energy savings or displacements beyond business as usual energy efficiency or renewable gains (providing real reductions). The five design elements listed above are discussed briefly in the executive summary of this guidance document. As with this first guidance, EPA will offer its recommendations concerning these additional elements, but also provide the . . .
. . .  measure and verify results in terms of energy saved or displaced; 4. how to translate project results (energy saved or displaced) into emissions; and 5. how to direct set-aside allowance awards toward new projects which result in additional energy savings or displacements beyond business as usual energy efficiency or renewable gains (providing real reductions). The five design elements listed above are discussed briefly in the executive summary of this guidance document. As with this first guidance, EPA will offer its recommendations concerning these additional elements, but also provide the states . . .
. . .  include: 1. when the allowance awards will be made (timing of awards); 2. how and when to apply for awards, and what is needed in the application; 3. how to measure and verify results in terms of energy saved or displaced; 4. how to translate project results (energy saved or displaced) into emissions; and 5. how to direct set-aside allowance awards toward new projects which result in additional energy savings or displacements beyond business as usual energy efficiency or renewable gains (providing real reductions). The five design elements listed above are discussed briefly in the executive summary . . .
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