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(a) Phasedown from baseline. Total production and consumption of regulated substances in the United States in each year cannot exceed the amounts (shown as a percentage of baseline) in the following table:
| Date | Percentage of production baseline (percent) | Percentage of consumption baseline (percent) |
|---|---|---|
| (1) 2022-2023 | 90 | 90 |
| (2) 2024-2028 | 60 | 60 |
| (3) 2029-2033 | 30 | 30 |
| (4) 2034-2035 | 20 | 20 |
| (5) 2036 and thereafter | 15 | 15 |
(b) Annual production and consumption limits.(1) The production baseline for regulated substances is 382,554,619 metric tons of exchange value equivalent.
(2) The consumption baseline for regulated substances is 303,887,017 metric tons of exchange value equivalent. [Change Notice] [New Text]
(3) Total production and consumption in metric tons of exchange value equivalent for regulated substances in the United States in each year is derived by multiplying the production baseline or consumption baseline by the percentage in paragraph (a) of this section. Total production and consumption allowances issued under this subpart may not exceed the quantities shown in the following table:
| Year | Total production (MTEVe) | Total consumption (MTEVe) |
|---|---|---|
| (i) 2022-2023 | 344,299,157 | 273,498,315 |
| (ii) 2024-2028 | 229,532,771 | 182,332,210 |
| (iii) 2029-2033 | 114,766,386 | 91,166,105 |
| (iv) 2034-2035 | 76,510,924 | 60,777,403 |
| (v) 2036 and thereafter | 57,383,193 | 45,583,053 |
[86 FR 55201, Oct. 5, 2021; 88 FR 44225, July 12, 2023; 88 FR 46895, July 20, 2023]