Industrial Carbon Capture Sample Clauses

Industrial Carbon Capture. Industrial carbon capture (ICC) is likely to be vital for UK industrial decarbonisation due to few viable alternatives for large scale emissions abatement in heavy industry. The challenge however is that the costs incurred for carbon capture currently do not correspond to any increase in product value (for being low carbon) and therefore cannot be passed to consumers. The benefit is due to avoidance of carbon pricing, which is currently insufficient to cover the costs incurred, and also an advantage to the facility of becoming well-positioned for future low-carbon product markets. To overcome these market failures and challenges additional incentives are required. In 2020, the UK government proposed the use of a Contract for Difference (CfD) style business model for industrial carbon capture that it referred to as the “ICC Contract”.50 This is first being developed specifically for initial and early-stage projects, to reflect the low maturity and high initial investments required. The objective is to incentivise the industry to invest in carbon capture technology whilst being able to maintain international competitiveness and deliver value for money. Additionally, motives are linked to ‘levelling up’ the UK economy and driving investment in new industrial facilities. The business model only applies to cases where CO2 is exported to a T&S network for permanent sequestration, with utilisation currently not included. It is expected that the industrial emitter would have an agreement with the T&SCo in which it pays for use of the network and in which ownership of emissions and liability for any subsequent emissions is transferred to the T&SCo. The ICC contract is expected to be an adaption on the Contract for Difference mechanism in which payment is provided based on the quantity of CO2 avoided, thus imitating avoidance of the carbon price. A fixed strike price would be negotiated bilaterally per tonne of CO2 captured, reflecting the costs of carbon capture for the project. The reference price is expected to roughly follow the trajectory of the market carbon price. The capture facility then receives the difference between the strike price and the reference price, as illustrated in Figure 21. It is further proposed that the contract term would have an overall duration of 15 years, but that this would be split between an initial period (approximately 10 years) where the return on capital costs can be included, and a later period where only operational and CO2 T&...
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Related to Industrial Carbon Capture

  • Intellectual and Industrial Property Rights (a) Except to the extent expressly provided herein, each party shall continue to own its intellectual and industrial property rights without conferring any interests therein on the other party and neither the Supplier nor any third party shall acquire any right, title or interest in any intellectual or industrial property rights of any company within the ASSA ABLOY Group.

  • Industrial Accident and Illness Leave shall be granted for illness or injury incurred within the course and scope of an employee's assigned duties. The employee who has sustained a job-related injury shall report the injury on an Office approved accident form to the immediate supervisor within twenty-four (24) hours. An employee shall report any illness, in writing, to the immediate supervisor within twenty-four (24) hours of knowledge that the illness is an alleged industrial illness. Requirements for such leave shall be:

  • Intellectual and Industrial Property The Subscriber will keep all the intellectual and/or industrial property rights that it has over the contents that they enter onto the Platform, by themselves or through Registered Users that they invite to participate in trials. Notwithstanding the above, Inetsys shall be bound, by virtue of these Conditions, to use the distinctive signs that identify the Subscriber or its products and/or services in the market in order to promote ShareCRF on the Platform itself.

  • UNIFORMS AND SAFETY EQUIPMENT 214. For employees required by the Appointing Officer to wear a uniform, beginning in fiscal year 2006-2007 and continuing for the duration of this Agreement, the City agrees to provide a uniform allowance each year in the amount of eight hundred fifty dollars ($850). The City will pay the uniform allowance in the payroll that includes September 1 of each year. Represented employees must be on duty status or approved leave on each September 1 to be eligible for the uniform allowance. Any eligible employee hired on or after March 1 will receive fifty percent (50%) of the uniform allowance that year.

  • INDUSTRIAL PRODUCTS ARTICLE 3

  • INDUSTRIAL INSURANCE It is understood and agreed that there shall be no Industrial Insurance coverage provided for Contractor or any Sub-Contractor of the Contractor by the City. Contractor agrees, as a precondition to the performance of any work under this Agreement and as a precondition to any obligation of the City to make any payment under this Agreement to provide City with a certificate issued by an insurer in accordance with NRS 616B.627 and with a certificate of an insurer showing coverage pursuant to NRS 617.210. It is further understood and agreed by and between City and Contractor that Contractor shall procure, pay for, and maintain the above mentioned industrial insurance coverage at Contractor's sole cost and expense. Should Contractor be self-funded for Industrial Insurance, Contractor shall so notify City in writing prior to the signing of this Contract. City reserves the right to approve said retentions, and may request additional documentation, financial or otherwise, for review prior to the signing of this Contract. MINIMUM LIMITS OF INSURANCE CONTRACTOR shall maintain coverages and limits no less than:

  • – OWNERSHIP OF THE RESULTS - INTELLECTUAL AND INDUSTRIAL PROPERTY Any results or rights thereon, including copyright and other intellectual or industrial property rights, obtained in performance of the Contract, shall be owned solely by the Agency, which may use, publish, assign or transfer them as it sees fit, without geographical or other limitation, except where industrial or intellectual property rights exist prior to the Contract being entered into.

  • CONTRACTOR’S LICENSE CONTRACTOR must possess at the time of commencing work and throughout the Project duration, a Contractor’s License, issued by the State of California, which is current and in good standing. CONTRACTOR shall ensure that any subcontractor working on the Project possesses at the time of commencing work and throughout the Project duration, a Contractor’s License, issued by the State of California, which is current and in good standing.

  • PUBLIC WORKS AND BUILDING SERVICES CONTRACTS Work being done under a resulting Authorized User Agreement may be subject to the prevailing wage rate provisions of the New York State Labor Law. Such work will be identified by the Authorized User within the RFQ. See “Prevailing Wage Rates – Public Works and Building Services Contracts’ in Appendix B, Clause 10, OGS General Specifications. Any federal or State determination of a violation of any public works law or regulation, or labor law or regulation, or any OSHA violation deemed "serious or willful" may be grounds for a determination of vendor non-responsibility and rejection of proposal. The Prevailing Wage Case Number for this Contract is PRC# 2014011745. The Prevailing Wage Rates for various occupations and General Provisions of Laws Covering Workers on Article 8 Public Work Contract can be accessed at the following NYS Department of Labor website: xxxxx://xxxxxxxxxxxx.xxxxx.xx.xxx/wpp/xxxxXxxxXxxxxxx.xx?method=showIt  Insert PRC# 2014011745 in the box provided and click Submit.  Click Wage Schedule located underneath the main header of this page. The PDF file may be searched to obtain the Prevailing Wage Rate for a specific occupation. SHORT TERM EXTENSION In the event a replacement Contract has not been issued, any Contract let and awarded hereunder by the State, may be extended unilaterally by the State for an additional period of up to 3 months upon notice to the Contractor with the same terms and conditions as the original Contract including, but not limited to, prices and delivery requirements. With the concurrence of the Contractor, the extension may be for a period of up to 6 months in lieu of 3 months. However, this extension terminates should the replacement Contract be issued in the interim. PROCUREMENT INSTRUCTIONS Authorized Users should refer to the documents attached as Appendix G – Processes and Forms Templates for specific instructions on the usage of this Contract. OGS reserves the right to unilaterally make revisions, changes, additions and/or updates to the documents attached as Appendix G - Processes and Forms Templates without processing a formal amendment and/or modification. SPECIFICATIONS During the term of the Contract, the Authorized User may request Product specifications for particular items that have been included by the Contractor in its Pricing Pages. These specifications will be provided by the Contractor at no cost.

  • Industrial Injury Leave Employees suffering an industrial injury shall be granted leave in accordance with the applicable state and federal law. Employees returning from such leave of absence shall be reinstated to that individual's former position or one of like status and pay without loss of seniority or accrued benefits. This paragraph shall in no way restrict the Employer from disciplining employees up to and including termination for violation of Employer's written safety procedures or policies.

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