Not exact matches
ACR has issued 40 million tons of
emissions reduction credits and continues to lead
voluntary carbon market innovation.
It includes, in addition to internal
reductions, a commitment to financing external
emission reductions either through buying
voluntary market carbon
credits or by funding activities directly.
Requires the EPA Administrator to issue regulations allowing: (1) any person to exchange instruments in the nature of offset
credits issued before January 1, 2009, by an approved state or a
voluntary offset program for
emission allowances; and (2) the EPA Administrator to provide compensation in the form of
emission allowances for other documented early
reductions or avoidance of GHG
emissions or GHGs sequestered before January 1, 2009, that meet specific conditions.
For the avoidance of doubt, Gross Revenues shall (A) exclude monies received from any source other than the sale of electric energy and capacity, including, without limitation, any of the following: (i) any federal, state, county or local tax benefits, grants or
credits or allowances related to, derived from, or granted to the Wind Energy Project or Grantee, including, but not limited to, investment or production tax
credits, or property or sales tax exemptions, (ii) proceeds from financing activities, sales, assignments, partial assignments, contracts (other than the power purchase agreement) or other dispositions of or related to the Wind Energy Project (such as damages for breach of contract or liquidated damages for delays in project completion or failures in equipment performance), (iii) amounts received as reimbursements or compensation for wheeling costs or other electricity transmission or delivery costs, and (iv) any proceeds received by Grantee as a result of damage or casualty to the Wind Energy Project, or any portion thereof and (B) include any revenues derived from Grantee's sale of carbon dioxide trading
credits, renewable energy
credits or certificates,
emissions reduction credits,
emissions allowances, green tags, tradable renewable
credits, or Green - e ® products, any of which are allocated to Grantee, if applicable, through its participation in any
voluntary registry, association or market - based exchange.
A promising development is that last year the Federation of Electric Power Companies, the industry association representing the 10 largest electricity generators in Japan and 19 suppliers, agreed to limit their
emissions by 35 percent by 2030, which is a
voluntary but significant
reduction and may increase demand for JCM project
credits.
The weakness of the scheme and the fact that
emissions reductions achieved through
voluntary action or the newly announced home insulation scheme don't attract
credits have led to a revival of the debate over the merits of a carbon tax, as an alternative to
emissions trading.
The regulation also cites ACR's
voluntary offset methodology for
Emissions Reductions in Rice Management Systems as an approved Early Action Quantification Methodology, providing an important on - ramp for rice producers in California and the Mid-South to get credit for their pioneering initiatives to reduce methane emissions through practice changes in water management, such as reduced flooding and altered drainag
Emissions Reductions in Rice Management Systems as an approved Early Action Quantification Methodology, providing an important on - ramp for rice producers in California and the Mid-South to get
credit for their pioneering initiatives to reduce methane
emissions through practice changes in water management, such as reduced flooding and altered drainag
emissions through practice changes in water management, such as reduced flooding and altered drainage timing.