• Flexible approaches to motivate achieving CO2
emission limits that may vary by economic sector, and could include, depending on the sector, market - based incentives; governmental loan guarantees; investment tax
credits;
performance standards; tax reform; incentives for technology research, development and deployment; and other appropriate policy tools.
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.
The Methodology provides a
performance standard - based quantification framework for the creation of carbon offset
credits from the resulting reduction in GHGs from the use of alternatives to HFC - based foam blowing agents and is intended to be used as an incentive for the industry to make the transition to low
emissions alternatives.