CCP credit definition
CCP credit means a carbon avoidance/reduction credit that has been issued by one of the Standards approved under the Governance Body and that meets all of the requirements of and has been certified and verified in accordance with the Core Carbon Principles and with [* insert additional attributes], as amended from time to time, and is equal to one (1) metric ton of carbon dioxide equivalent avoided/reduced, and which includes any and all rights that may be created under any regulatory or legal regime as a result of the greenhouse gas avoidance/reduction (e.g., any right, interest, credit, entitlement, or benefit arising from or in connection with the greenhouse gas avoidance/reduction).
Examples of CCP credit in a sentence
If the school district receives an invoice for a student simultaneously enrolled in a Joint Vocational School District (JVSD) and ODHE applies their CCP credit toward the JVSD, it is the School District’s responsibility to notify the Bookstore within a reasonable timeframe.