Emission Allowances means authorizations under state or federal (as applicable) air quality regulations to emit either one ton of nitrogen oxides (“NOx”) or sulfur dioxide (“SO2”).
Emission Allowances means an allowance, credit, quota, permit or equivalent, representing a right of a vessel to emit a specified quantity of greenhouse gas emissions recognised by the Emission Scheme.
Emission Allowances. The federal Clean Air Act, as amended, 42 U.S.C. Section 7401 et seq. (hereinafter referred to as "Clean Air Act"), establishes certain annual maximum sulfur dioxide ("SO2") levels, stated in terms of required emission allowances, for flue gases emitted by electric generating units, including units operated by IPL, PSI and other electric utilities who may supply electric energy for transactions under this 1992 Agreement. The generator of the electric energy supplied and delivered under this 1992 Agreement is required by the Clean Air Act to have adequate "allowances" (as defined by Section 402(3) of the Clean Air Act in conjunction with Section 403(f) of the Clean Air Act) in order to generate such electric energy. To the extent that either IPL or PSI are required by the Clean Air Act to have additional allowances by reason of its generation of electric energy to be supplied by it under this 1992 Agreement, which allowances would otherwise not have been required by such supplying Party, then, unless the supplying Party otherwise agrees in advance in writing, at the discretion of the supplying Party, the Party receiving such energy shall be responsible for the cost or the actual furnishing (without cost to the supplying Party) of adequate allowances to the supplying Party in order for such Party to supply such energy under this Agreement. The Parties shall establish, by mutual agreement, appropriate procedures in order to carry out the provisions of this Section 2.05, including a statement of costs before any transactions under the Service Schedules attached hereto are started. Also, prior to implementation of every transaction under the Service Schedules attached hereto, the purchasing Party must declare whether they will pay in cash or return SO2 Allowances in-kind for any consumption of SO2 Allowances directly attributed to such transaction, if any. It shall be the responsibility of the supplying Party to provide the receiving Party, before the transaction begins, with a statement of the estimated emission allowance charges associated with the transaction which the supplying Party is seeking to add to the rates to be charged under the applicable Service Schedule. Failure of the supplying Party to provide a statement of such charges before the transaction begins shall constitute a waiver of the recovery of any such costs. In establishing such procedures, the Parties shall recognize that the determination of the additional allowances required in order to g...
Examples of Emission Allowances in a sentence
Amending and Supporting Documentation to the EFET General Agreement: The Gas Appendices; The GTMA Appendix; The CO2 Emission Allowances Appendix; The Credit Support Annex; The Master Netting Agreement/CPMA.
More Definitions of Emission Allowances
Emission Allowances means authorizations under state or federal (as applicable) air quality regulations to emit either one ton of nitrogen oxides ("NOx") or sulfur dioxide ("SO2"), in the former case between May 1 through September 30 of any given year, and in the latter case at any time during any applicable calendar year.
Emission Allowances means any units recognised for compliance with the requirements of Directive 2003/87/EC;
Emission Allowances means emissions allowances allocated to or purchased for the Project, as required for compliance with the CSAPR, including Sulfur Dioxide, annual Nitrogen Oxide and seasonal Nitrogen Oxide emissions and Sulfur Dioxide allowances required for compliance with the Acid Rain Program.
Emission Allowances means all authorizations to emit, discharge or release specified units of sulfur dioxide, oxides of nitrogen, hydrocarbons, particulate matter, and other comparable pollutants, including limitations on opacity, which units are established by any Governmental Authority with jurisdiction over the Facility under (a) an air pollution control and emission reduction program designed to mitigate global warming, interstate or intra-state release, transport or concentration of air pollutants; or (b) any pollution reduction program with a similar purpose. Emission Allowances include allowances, as described above, regardless as to whether the Governmental Authority establishing such Emission Allowances designates such allowances by a name other than “emissions,” “allowances” or “credits.”
Emission Allowances means Emission Reduction Credits, NOx Emission Allowances and SO2 Allowances.
Emission Allowances means, collectively, all environmental credits, offsets and allowances issued under the federal Clean Air Act (42 U.S.C. § 7401 et seq.), any applicable emission budget programs, or any other state, regional or federal emission trading program, and specifically includes NOx Allowances and SO2 Allowances under the Federal Acid Rain program (40 C.F.R. 72), the CAIR NOx Trading Program (40 C.F.R. 96, subpart AA), the CAIR SO2 Trading Program (40 C.F.R. 96, subpart AAA), the Cross-State Air Pollution Rule, and any approved rules or regulations implementing these provisions.
Emission Allowances means all authorizations to emit specified units of Hazardous Substances or any other regulated pollutant from the Project or the Project Real Property, which units are established and required by a Governmental Authority with jurisdiction over the Project or the Project Real Property under Environmental Law, including under (i) an air pollution control and emission reduction program, (ii) a program designed to mitigate impairment of water resources, including coastal and inland waters, navigable waters, surface waters, watersheds, well water or groundwater, or (iii) any other pollution reduction program, in each case regardless of whether the Governmental Authority establishing such authorizations designates such authorizations by a name other than "allowances" (e.g., as offsets or credits).