Carbon offset definition

Carbon offset means a competitively procured, third-party verified project or program which, with the funding provided through the purchase of the offset, results in the permanent, indefinite storage or sequestration of carbon dioxide.

Carbon offset means an instrument, credit or other certification verifying the reduction of GHG emissions issued by the Climate Action Reserve, the American Carbon Registry, or Verra (previously, the Verified Carbon Standard). This shall include, but is not limited to, an instrument, credit or other certification issued by these registries for GHG reduction activities within the Nevada County region. The Project shall neither purchase offsets from the Clean Development Mechanism (CDM) registry nor purchase offsets generated under CDM protocols. Qualifying carbon offsets presented for compliance with this mitigation measure may be used provided that the evidence required by the “Reporting and Enforcement Standards” below is submitted to the County demonstrating that each registry shall continue its existing practice of requiring the following for the development and approval of protocols or methodologies:

Carbon offset means a unit equivalent to a tonne of emissions removed from the atmosphere. “Corporation” means a regulated entity, which has the meaning as provided in Section 4A of the Act. “Department” means the Victorian Department of Environment, Land, Water and Planning. “Minister” means the Minister responsible for administering the Act.

Examples of Carbon offset in a sentence

• This could affect those programmes’ ability to demonstrate technical consistency with some or all the following criteria: Validation and verification procedures; Carbon offset credits must be quantified, monitored, reported, and verified; Clear methodologies and protocols, and their development process; Additionality; Realistic and credible baselines; and Leakage.

• Carbon offset funding is typically collected upon completion/occupation of the scheme, so the timescales for receiving funding are uncertain.

• Carbon offset payments by contrast are usually calculated on the basis of abating carbon emissions for only 30 years whereas the building lifetime should be significantly longer than that.

• Carbon offset contributions should not be used by developers as a way of buying their way out of complying with adopted policy.

• Thus Carbon offset funding must be secured through Section 106 legal agreements on planning consents, and every planning obligation must pass three legal tests, that it is necessary to make the development acceptable in planning terms; directly related to the development; and fairly and reasonably related in scale and kind to the development.

More Definitions of Carbon offset

Carbon offset means a reduction in emissions of carbon dioxide or greenhouse gases made in order to mitigate for or to offset an emission made elsewhere.

Carbon offset means an instrument issued by any of the following: CARB, Climate Action Reserve, California Air Pollution Control Officers Association, the APCD, or any other equivalent or verifiable registry.

Carbon offset means an instrument issued by an Approved Registry that shall satisfy the performance standards set forth in Section IX.B and represent the past reduction or sequestration of one metric tonne of carbon dioxide equivalent achieved by a Direct Reduction Activity or any other GHG emission reduction activity that is not otherwise required (CEQA Guidelines § 15126.4(c)(3)).

Carbon offset means the emissions reduction that occurs when a practice or project negates greenhouse gas emissions by sequestering greenhouse gases in a carbon sink with reforestation, afforestation, managed forests, growing agricultural crops, increasing existing vegetated areas, or utilizing geologic storage. An offset may be expressed in standard cubic feet of CO2, metric tonnes of CO2, tons of CO2, or tons of CO2e.

Carbon offset means carbon offset credit income received by the Borrowers in an amount equal to at least $1,000,000 during the first quarter of 2016.

Carbon offset means the environmental benefit derived from

Carbon offset means the credit given for activities that result in the