California Air District · ERC Guide

San Joaquin Valley APCD Emission Reduction Credits

The district's public ERC registry — 429+ banked certificates — mirrored and searchable on the Exchange. On the Exchange

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Banked ERC certificates of record — 429+ across 34 holders

From the district's public registry (District ERC registry (updated daily); 350+ NOx certificates — top holders shown). These are banked credits — the registry shows what exists, not what the holder has committed to sell. Open the interactive registry to search, view pollutant breakdowns, and send an inquiry.

Holder of recordCertificate(s)Source / pollutants banked
Aera Energy LLC140+ certificates across all five pollutantsVOC ~1,215t · SOx 364.4t · CO ~155t · PM10 33.6t · NOx (55+ certs)
Chevron USA Inc.8 NOx certificatesPM10 24.9t · CO ~9.5t · VOC 7.6t · SOx 6.8t · NOx (8 certs)
California Resources Production Corp.7+ NOx certificatesSOx 35.3t · NOx (7+ certs)
California Dairies Inc.5+ NOx certificatesNOx + others
Wonderful Pistachios & Almonds4 NOx certificatesNOx + others
Federal Power Avenal LLC4 NOx certificatesNOx
Kraft Foods Inc.4 NOx certificatesNOx + others
Benta Energy LLC4 NOx certificatesNOx
Calpine Energy Services LP3 NOx certificatesNOx
Olduvai Gorge LLC3 NOx certificatesPM10 29t · SOx 24.2t · NOx (3 certs)
Northern California Power Agency3 NOx certificatesNOx
Alon Bakersfield Refining3 NOx certificatesNOx + others
Gallo Glass Company2 NOx certificatesNOx
Baker Commodities Inc.2 NOx certificatesNOx
Leprino Foods Company2 NOx certificatesNOx + others
California Resources Elk Hills LLC5 CO certificatesCO ~2,125t
Pactiv LLC / Pactiv Corporation6 VOC certificatesVOC ~170t
United States Gypsum Company17 PM10 certificatesPM10 84.8t
Alon Bakersfield RefiningS-5178-1, S-5179-1 + NOx certsVOC 99.5t · NOx (3 certs)
Phillips 66 Pipeline LLC2 CO certificatesCO ~90.5t
Ingredion Incorporated3 certificatesSOx 88.5t · CO ~65t
Calaveras Materials Inc.2 certificatesCO ~74t · SOx 4.4t
Merced Co. Community & Economic Dev.N-523-1VOC 65.5t
Calpine Corporation / Calpine Energy Services5+ certificatesPM10 62.7t · VOC 26.6t · SOx 7.1t · NOx (3 certs)
E&J Gallo Winery3 certificatesCO ~42t · VOC 12.1t
Anew Environmental, LLC4 VOC certificatesVOC 44.2t
Sealed Air CorporationC-851-1VOC 38t
Guardian Industries Holdings, LLC1 SOx certificateSOx 35.3t
Britz AG Finance Co., Inc.2 PM10 certificatesPM10 20.8t
Westside Farmers Coop #2 & #31 PM10 certificatePM10 20.6t
Sentinel Peak Resources CA LLC11 certificatesCO ~18t · PM10 16.8t
Hydrogen Energy CA LLC1 SOx certificateSOx 12.3t
Element Markets Emissions LLC3 PM10 certificatesPM10 1.7t
~250 additional certificates across the five pollutant registriesper district registry (updated daily) — districtwide: PM10 ~623t, SOx ~759t, CO ~2,700t banked

Recorded 2022 ERC transaction prices

53 transactions reported to CARB for 2022 under Health & Safety Code §40709.5:

PollutantMedian $/tonLowHigh
HC (ROG/VOC)$69,950$2,730$174,690
NOx$19,000$57$50,000
PM10$10,150$5,000$29,762
SOx$57$57$7,250

Source: CARB Emission Reduction Offset Transaction Cost Summary Report for 2022. Full statewide table on the Market Data page.

How ERCs work in San Joaquin Valley APCD

Emission Reduction Credits are banked, district-certified reductions in NOx, ROG/VOC, PM10, SOx, or CO. Businesses building or expanding in the district may be required under New Source Review to purchase ERCs to offset new emissions before an air permit issues. Credits are generally usable only within San Joaquin Valley APCD (or its air basin with district board approval — Health & Safety Code §40709.6), which is why local scarcity sets the price. The district verifies reductions and records every transfer.

District office: (559) 230-6000. District ERC program page.

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San Joaquin Valley APCD credits by pollutant

NOx credits in San Joaquin Valley APCD · ROG / VOC credits in San Joaquin Valley APCD · PM10 credits in San Joaquin Valley APCD · SOx credits in San Joaquin Valley APCD · CO credits in San Joaquin Valley APCD

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