Sentences with phrase «percent of the abatement»

With the release of the «Hydrogen Scaling up», the coalition explains how hydrogen can account for one fifth of the global final energy consumption by 2050 and contribute to almost 20 percent of the abatement required to limit temperature rise to 2 degrees Celsius reducing pressure on renewables and other clean energy technologies.

Not exact matches

«You're more likely to get something like a 25 percent rent abatement for the next six months than getting your rent reduced for the rest of the lease.»

421a requires developers in certain parts of the city to subsidize 20 percent of their units for low and middle income New Yorkers in return for the tax abatement.

Martins» legislation mandates that any developer receiving the 421 - a abatement would have to pay workers the prevailing wage for projects with more than 50 units where less that 50 percent of the units are priced as affordable.

The State Assembly in 2007 voted to allow Forest City to take advantage of the controversial 421a program, which gives tax abatements to developers who make 20 percent of their building's units affordable, even though Ratner didn't technically qualify.

City officials have sponsored a bill that would restrict the 17.5 percent tax abatement awarded to owners of condominium and co-op units and abolish...

It was unclear if there would be limits put in place on which condos can receive the abatements, which typically give 25 - year tax breaks in exchange for setting aside 20 percent of each project for affordable apartments.

That much - desired increased abatement period comes in exchange for developers upping the amount of affordable units they're setting aside from 20 percent to 25 percent or 30 percent.

It creates an open - ended, as - of - right abatement for developers who would have 100 percent real - estate tax exemption available to them, with no particular requirement for what the public benefit would be,» Benjamin Dulchin, executive director of the organization, said in an interview.

In return for a tax abatement, developers should be required to set aside more than 20 percent of a project's units for poor and moderate - income New Yorkers, they say.

Over time, the city recovered and legislators repeatedly tinkered with the program, requiring developers in certain parts of the city to subsidize 20 percent of their units for low - and moderate - income New Yorkers in return for the tax abatement.

The company's projects, mostly research facilities and manufacturing plants, received $ 30 million in tax breaks between 2009 and 2014 — almost 40 percent of the value of all abatements the IDA gave out in that time.

The proposal would allow landlords who qualified for 421a prior to 2008, when the abatement was last amended, to continue receiving the tax break on half of a building's property tax for another 15 years in exchange for the landlord making 5 percent more of that building's units affordable.

The 421a program was conceived as an incentive for developers to build on unused or underutilized land, and was augmented in 2008 to include a requirement that 20 percent of units receiving the abatement be affordable.

He praised Mayor Bill de Blasio's proposal to reform the abatement, which would require all projects receiving the credit across the five boroughs — rather than in just the 16.5 percent of the city in the program's «geographic exclusion area» — to include below - market apartments.

In the 1980s, tradable - permit systems were used to accomplish the phasedown of lead in gasoline -(at a savings of about $ 250 million per year), and to facilitate the phaseout of ozone - depleting chloroflourocarbons (CFCs); and in the 1990's, tradable permits were used to implement stricter air pollution controls in the Los Angeles metropolitan region, and — most important of all — a cap - and - trade system was adopted to reduce sulfur dioxide (SO2) emissions and consequent acid rain by 50 percent under the Clean Air Act amendments of 1990 (saving about $ 1 billion per year in abatement costs).

To reconcile a century of 3 percent growth with the more ambitious goal of reducing resource consumption and pollutant emissions, the abatement of resource and emissions intensity would have to be even more drastic.

This approach seeks reduction efforts that are fair for all industrialized countries, by equally sharing the marginal abatement costs of greenhouse gas emission reductions, aiming at a 25 percent reduction from 1990 for these countries.

In our scenario, the remaining coal plants in 2030 are expected to emit 165 Mt.. This means that Germany will overshoot its abatement target by 85 Mt in 2030, reaching a 62 percent reduction instead of the 55 percent that is decided politically.

Germany will overshoot its abatement target by 85 Mt in 2030, reaching a 62 percent reduction instead of the 55 percent that is decided politically

The emissions price must also rise at roughly the rate of interest (about five percent) over time (to equate the discounted marginal abatement costs at different points in time).

Yet Cummings claims that he has established «that even with the continued expansion of wind farms in South Australia, the Australian Energy Market Operator's figures show the abatement has risen to only about 4 percent of the installed capacity» of SA's wind power.

The high - end scenario here only models the 17 percent reduction from an economy - wide measure such as a cap - and - trade program as the extent of the U.S. contribution to global carbon abatement.

Moreover, only 56 percent of homes confirmed to have a lead hazard completed the necessary abatement to make the home safe.