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• Overview
• Federal Markets — SO₂, NO_x and Mercury
• Renewable Energy Credits (RECs)
• US GHG Markets
• California RECLAIM Trading Credits (RTCs)
• Houston - Galveston Area (HGA) NO_x Allowances
• New York State NO_x and SO₂
• Emission Reduction Credits (ERCs) and Discrete Emissions Reduction Credits (DERCs)

New York State NO_x and SO₂

TFS' Environmental Products Desk can also assist its clients with their needs in the New York State parts 237/238 NO_x and SO₂ allowance trading programs. The NO_x program serves as an off-season complement to the Federal EPA mandates with compliance obligations from October 1st through April 30th. The SO₂ program is a full calendar year compliance period that runs concurrently with Federal EPA acid rain obligations. TFS is utilizing its environmental expertise to foster further liquidity in this developing market.