The South Coast Air Quality Management District (SCAQMD) started the Regional Clean Air Incentives Market or RECLAIM on January 1, 1994. This market is the oldest of the local emission trading markets. SCAQMD's RECLAIM program controls the amount of nitrogen oxide (NOx) and sulfur oxides (SOx) released in a 1 credit-to-1 pound NOx emitted ratio. RECLAIM Trading Credits or RTCs were issued at a zero-cost basis to all sources whose yearly emissions are greater than 4 tons (8000 pounds) per year at the start of the program. Geographically, RECLAIM covers all of Los Angeles and Orange counties along with half of Riverside County.

RECLAIM facilities are divided into two zones and two cycles. The two zones result from the local geography. Los Angeles is located in a basin with a mountain range directly east of it. The industrial area is typically located close to the coast. LA's traditional status of dirtiest air in the nation is a direct result of this geography. In the morning, the wind blows in from the Pacific Ocean and picks up the air pollutants. By mid-day, the airflow has stagnated because the mountain range that forms the eastern boundary of the LA basin has blocked the air. In the evening, the airflow reverses directions and heads back out to sea, taking the air pollutants along. The next day, the whole cycle starts again. Accordingly, RECLAIM is split into two zones. Zone 1 is the coastal zone. Zone 2 is the inland zone. Cycle 1 credits initiate validity on January 1 and expire on December 31st. The Cycle 2 credits initiate validity on July 1 and expire June 30 of the following year.

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