Sentences with phrase «if voluntary emission»

Simultaneously the consensus science tells us that even if voluntary emission reduction commitments are perfectly implemented (an optimistic scenario), warming is likely to reach 3 ˚C to 4 ˚C in the course of the century, and quite possibly much higher.

Not exact matches

Once you have reduced as much as possible, if there's a gap between that and your science - based target, there is a role for the voluntary purchase of emissions reductions elsewhere.»

Avoided deforestation is currently only recognized as a voluntary emission reduction (VER) scheme, but it is expected that the concept will be embraced at the December U.N. climate (COP - 13) meetings in Bali, especially if proof - of - concept projects are showing signs of success.

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.

As we have seen above, the commitments made according to the Copenhagen Accord and Cancun agreements that have been ratified by the Cancun agreements leave at the very minimum a 5Gt gap between emissions levels that will be achieved if there is full compliance with the voluntary emissions reductions and what is necessary to prevent 2 °C rise, a warming amount that most scientists believe could cause very dangerous climate change.

If the aviation industry were to buy credits of unknown quality from these voluntary markets as well, on paper it would seem as if airlines were offsetting their emissions, but, in practice, the atmosphere would not be fooleIf the aviation industry were to buy credits of unknown quality from these voluntary markets as well, on paper it would seem as if airlines were offsetting their emissions, but, in practice, the atmosphere would not be fooleif airlines were offsetting their emissions, but, in practice, the atmosphere would not be fooled.

Experience with the voluntary carbon market shows REDD projects can lead to real reductions, if only a portion of avoided emissions is tradable, it factors in the total deforestation in a jurisdiction and creates a buffer for uncertainty.

Its purely voluntary agreements committed no one to anything, and even if countries signaled their intentions to cut carbon emissions, there was no enforcement mechanism.