Carbon Offset Sample Clauses
A Carbon Offset clause establishes the parties' obligations regarding the reduction or compensation of carbon emissions associated with their activities under the agreement. Typically, it requires one or both parties to purchase verified carbon credits or invest in approved environmental projects to offset emissions generated by the contract's performance. This clause ensures that the environmental impact of the agreement is mitigated, supporting sustainability goals and helping parties comply with regulatory or corporate social responsibility commitments.
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Carbon Offset. On a quarterly basis, Constellation will acquire and retire Carbon Offsets (as defined below) for each month that the Customer pays its Monthly Membership Fee in an amount that will offset the greenhouse gas emissions associated with the energy use of an average sized house (2,500 sq ft) in ▇▇▇▇▇▇▇▇▇▇ County Maryland. The estimated amount of Carbon Offsets retired for your residence will be approximately 3 metric tons Carbon Dioxide equivalent (“CO2e”) each quarter. For purposes of this Agreement, the term “Carbon Offsets” means a verified reduction in greenhouse gas emissions equivalent to one metric ton understands and agrees that the Carbon Offsets are being purchased for voluntary purposes and not to meet any compliance standard or regulatory requirements. Customer authorizes Constellation to retire such Carbon Offsets on Customer’s behalf and to provide any data or other information related to such Carbon Offset to the applicable Carbon Offset registry. The retirement of Carbon Offsets is permanent and such retired Carbon Offsets can never be reused or resold.
Carbon Offset. On a quarterly basis, Constellation will acquire and retire Carbon Offsets (as defined below) for each month that the Customer pays its Monthly Membership Fee in an amount that will offset the greenhouse gas emissions associated with the energy use of an average sized house (2,500 sq ft) in ▇▇▇▇▇▇▇▇▇▇ County Maryland. The estimated amount of Carbon Offsets retired for your residence will be approximately 3 metric tons Carbon Dioxide equivalent (“CO2e”) each quarter. For purposes of this Agreement, the term “Carbon Offsets” means a verified reduction in greenhouse gas emissions equivalent to one metric ton of CO2e. Carbon Offsets do not include any tax credits, depreciation allowances or third-party subsidies of any kind. Customer understands and agrees that the Carbon Offsets are being purchased for voluntary purposes and not to meet any compliance standard or regulatory requirements. Customer authorizes Constellation to retire such Carbon Offsets on Customer’s behalf and to provide any data or other information related to such Carbon Offset to the applicable Carbon Offset registry. The retirement of Carbon Offsets is permanent and such retired Carbon Offsets can never be reused or resold.