Sentences with phrase «surrender emission units»

An entity that fails to surrender emission units when required to, will have to surrender units and pay a penalty of NZD 30 (EUR 18.38) for each unit.

Not exact matches

The government's carbon tax documents, released on Sunday, showed companies would face an emissions charge if their «emissions obligations were not met through the surrender of eligible emissions units».

For purposes of this section, the term «cap and trade program» means a system of greenhouse gas regulation under which a State or political subdivision issues a limited number of tradable instruments in the nature of emission allowances and requires that sources within its jurisdiction surrender such tradeable instruments for each unit of greenhouse gases emitted during a compliance period.