Carbon Credits definition
Examples of Carbon Credits in a sentence
Purchase and retirement of Carbon Credits through reputable standards such as The Verified Carbon Standard (VCS), The Gold Standard, The Climate Action Reserve, and/or American Carbon Registry.
The Company shall keep BPDB informed not less than quarterly on the progress of selling the Carbon Credits from the Project and its efforts in relation thereto, and the Company shall inform BPDB immediately upon the occurrence of such sale and the amount received and/or expected to be received from such sale.
Such registration shall be carried out expeditiously and the Company shall pursue the sale of the Carbon Credits diligently.
The Company and BPDB acknowledge that registration of the Project for Carbon Credits marketing and distribution of benefits of Carbon Credits generated by the Facility shall be in accordance with [the GOB’s relevant policy for development of renewable energy for power generation, as amended or replaced from time to time, which shall govern the matters related to carbon credits for the Project].
For the avoidance of doubt, the amounts realized from the sale of Carbon Credits shall not be set-off or netted against the Energy Payments.