Accelerating Sample Clauses
The Accelerating clause allows certain obligations or payments under a contract to become due earlier than originally scheduled, typically in response to specific triggering events such as default or breach. In practice, this means that if a party fails to meet its obligations, the other party can demand immediate payment of outstanding amounts or performance of duties that would otherwise be due in the future. This clause serves to protect the non-breaching party by providing a mechanism to mitigate risk and ensure prompt recourse in the event of non-compliance.
Accelerating encouraging and enabling innovation is critical for an effective, long-term global response to climate change and providing affordable and reliable energy access and promoting economic development. Such effort shall be supported, as appropriate, by the Technology Mechanism and Financial Mechanism of the Convention, for research and development, collaborative approaches, and [meeting the cost of the transfer of][facilitating access to] technology, in particular for early stages of the technology cycle, to developing countries.
Accelerating. Major expansion in China and India – China has 21 reactors (23.8 GWe) under constructionl [34], with one or more being finished and one or more being started almost every quarter. An important indicator is construction time, which has averaged 64 months for all reactors started in the last 10 years and connected to the grid by the end of 2015 (18 reactors, 17.2 GWe). Government projections show ~60 GWe of operating nuclear generating capacity by 2021, and up to 150 GWe by 2030 (compared to the current U.S. value of ~100 GWe). While China is increasing energy generation overall, due to pollution and climate Start of Construction China Start of Construction S. Korea Start of Construction Russia Start of Construction United States Korea also growing – Korea’s per capita GDP is much higher than China’s or India’s and power needs are not growing as fast. However, they are planning to increase the nuclear share of electricity. The latest long-term power development plan projects 12 new reactors by 2030, which is an increase of 2 reactors since the last plan [37]. Four reactors have been completed in the last 10 years (average construction time of 58 months) and currently 4 are under construction/startup. Recent nuclear power newcomers – Several newcomers could be significant growth areas in the near future. The UAE has 4 units under construction, while Turkey, Egypt, Nigeria and Vietnam each have 4 or more initial projects in advanced planning. Vietnam originally planned to have construction started by now, but a combination of lower demand growth projections and slow progress in establishing the necessary legal authorities and agencies has delayed the start of projects. Indonesia and Bangladesh are also planning their first reactors, and have huge potential for energy demand growth based on their population sizes, but financing and grid issues may restrain growth. Other recent newcomers have smaller potential, including Belarus (2 plants under construction) and Iran (1 plant operating, 2 more planned).