In addition, no international offset
credits shall be issued for
emission reductions from activities with respect to which
emission allowances were
allocated under section 781 for distribution under part E.
It will basically
allocate a certain amount of carbon
emissions to corporations, and if they come in under their targets, they will be able to sell these
credits to corporations that need more carbon.
In addition, no international offset
credits shall be issued for
emission reductions from activities with respect to which
emission allowances were
allocated under section 781 for distribution under part E.
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.