Carbon Offsets Clause Samples

Carbon Offsets. The Landlord shall be entitled to all Carbon Offset Credits that may be created, credited or recoverable as a result of activities conducted within the Leased Premises or the Building, excluding Carbon Offset Credits to which the Tenant is entitled in accordance with applicable law. The Landlord shall be entitled to allocate, acting reasonably, Carbon Offset Credits created with the participation of the Tenant and/or other tenants in the building. “

Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report, Further, the report recommends carbon offset project establish permanence, efficiency and consider projects with societal and economic benefits in addition to offsets – offset plus. Carbon offset project types mostly consist of: Energy Efficiency (EE), Renewable Energy (RE), Reduced Emissions from Degradation and Deforestation (REDD+), Bio-Sequestration, Energy-from-Waste Capture, Mine Methane Capture (MMC), Livestock Methane Capture, Ozone Depleting Substances (ODS) Destruction, and Transport Emissions Reduction - to name a few. Various standards have emerged in the voluntary carbon markets and can be characterized as either independent third party project certification program or product certification program. • The independent third party project certification programs develop their own standards and verify carbon offset project ...

Carbon Offsets. A carbon offset is a mandatory or voluntary mechanism that allows individuals, companies and organizations to reduce their carbon dioxide equivalent on the atmosphere in one area by investing in projects that reduce carbon dioxide equivalent on the atmosphere in another area. One carbon offset represents the reduction or removal of one metric tonne of carbon dioxide equivalent from the atmosphere. The Environmental Protection Agency (EPA) defines a carbon offset as “a tradable, environmental commodity that represents the reduction of a specific amount of GHG emissions to the atmosphere and is measured in tons.” Carbon offset is a complicated topic and have been subject to many controversies in the past few decades since its inception. Carbon offsets exist in both mandatory and voluntary markets. While the mandatory market is aimed at heavy emitters and regulated by their respective authorities under international, national and regional requirements, there is no universally agreed upon international standards or frameworks for voluntary carbon offsets. The International Organization of Standardizations (ISO)’s standards for greenhouse gas accounting and verification (ISO 14064 and ISO 14065) underpins the development of most of the independent third party standards for voluntary carbon offsets. In addition, the Global Carbon Project (GCP) in its report on Carbon Reductions and Offsets11 established underlying principles (or criteria) for carbon offset projects to ensure trading credibility and real atmospheric carbon reductions using the features of Clean Development Mechanism (CDM) as the benchmark. According to the GCP report,

Carbon Offsets. In the greater study area the total predicted carbon emissions over the life of the project was 21,508,675 tons. Of this total, the model predicted 1,665,083 tons in the Climate Action Project Area (See Appendix Table 2). Of the total 21,508,675 tons of carbon emitted in the greater study area, 88.9% was attributed to loss of broadleaf forest. The remaining 11.1% was attributed to the other vegetation classes. In the CAP area, 90.1% was attributed to broadleaf forest loss. The remaining 9.9% was attributed to the other vegetation classes (thicket and other degenerated forest = 6.3%) (Figure 12). 3 - THICKET & OTHER DEGENERATED FOREST 6 - BROADLEAF FOREST 7 - SAVANNAH 8 - BROADLEAF FOREST - OPEN (WOODLAND) 14 - BAMBOO & RIPARIAN VEGETATION 16 - PINE FOREST 18 - PINE FOREST - OPEN Total C emission / year (a) 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 2040 2035 2030 2025 2020 2015 2010 2005 2000 1999 (b) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 2040 2035 2030 2025 2020 2015 2010 2005 2000 1999 0

Carbon Offsets. Any sums received from Carbon Offset optional purchases made by customers. Unless revenues are expressly and particularly excluded from Gross Revenues under this Agreement, such revenues shall be included in the definition of Gross Revenues. Company’s exclusion from Gross Revenues of any revenues required to be included under this Agreement will subject Company to any remedies set forth herein.

Carbon Offsets. 14.1. Supplier may offer to Buyer and Buyer may purchase from Supplier a separate service whereby Supplier will arrange for the purchase of Carbon Offsets from a reputable third-party provider or affiliated company in either Supplier’s or Buyer’s name as mutually agreed in the Supplier Contract. 14.2. Supplier will obtain purchased Carbon Offsets within a reasonable amount of time, which shall be solely determined by Supplier on a case-to-case basis, but in all cases following Buyer’s respective purchase. 14.3. Earliest 30 days but within 120 days after each respective purchase, Buyer may request a copy the relevant certificate(s) for the Carbon Offsets applicable to such purchase from Supplier. 14.4. When Buyer purchases Carbon Offsets, it shall pay Supplier the applicable specified fee attributable to the respective Carbon Offsets in accordance with and subject to all terms and conditions stipulated in the Agreement. 14.5. Buyer acknowledges that all offers to sell and purchases of Carbon Offsets hereunder are only for the respective unregulated, voluntary market and are not reportable by Buyer to any regulatory institution, including but not limited to, as evidence for compliance with any carbon reducing, neutralization, or the like obligations at law or otherwise..

Carbon Offsets. The Company acquires carbon offset credits in accordance with carbon offset protocols established and governed by independent, third-party registries, including but not limited to the Climate Action Reserve, American Carbon Registry, the Verified Carbon Standard and the Gold Standard (“Registry” or “Registries”). The carbon offset credits are issued and stored by the applicable Registry and each offset credit, once issued, has a unique and distinct serial number. When you make an order and payment to us, the corresponding number of credits are identified for retirement. The Company then retires the identified number of credits on a Registry. The serial number corresponding to the retired credits is entered into the Company’s internal tracking system and linked to your payment. We will provide proof of actions for all carbon offset purchases which demonstrate, as determined by us in our reasonable discretion, that the requested quantity of carbon emissions have been reduced/sequestered. The Company retires offsets annually and reserves the right to choose or substitute carbon offset projects in our reasonable discretion up until retirement. Sustainable aviation fuel, or “SAF,” is jet fuel refined from sustainable feedstocks as defined by the International Civil Aviation Organization Secretariat as “CORSIA Eligible Fuels". A sustainable aviation fuel credit, or “SAFc,” is a tradeable credit that represents one unblended gallon of SAF and its associated emissions reduction of greenhouse gases. The Company may in its sole discretion acquire SAF and SAFc generated from any specified SAF resource so long as the specified SAF resource and its associated emission reductions meet all certification requirements as described in the applicable order confirmation. Transactions conducted by the Company in SAF and SAFc on your behalf pursuant to these Terms will be for the benefit of you, and the Company will not make any claims or reserve any rights with respect to environmental attributes of such SAF or SAFc.