Corresponding Adjustment definition

Corresponding Adjustment means the accounting adjustment that both Sweden and Ghana are required to make for all Mitigation Outcomes transferred internationally as ITMOs to ensure that double counting is avoided in accordance with Article 6.2 of the Paris Agreement, paragraph 36 of decision 1/CP.21.

Corresponding Adjustment means a downward adjustment to a company’s taxable profits made by the tax administration in a second jurisdiction as a consequence of a primary adjustment made by the tax administration in a first jurisdiction, so that the allocation of profits by the two jurisdictions is consistent;

Corresponding Adjustment has the meaning given to the term in the Paris Agreement Rules.

Examples of Corresponding Adjustment in a sentence

• On course with the MLI, Austria opted in for Article 5 (taxation right of residence state in case of certain qualification conflicts in order to avoid double non taxation), Article 17 (Corresponding Adjustment regarding Transfer Pricing) and Article 18 (Mandatory Binding Arbitration if no agreement has been reached in a mutual agreement procedure after three years).

• For a Manual LMUSI, Tel West may reserve up to three (3) Loop facilities.

• To ensure that an emission reduction is additional to what a country has committed to achieving in its NDCs, the national emissions in the country where the project takes place would need to be increased by an equivalent amount – known as a Corresponding Adjustment (CA).

• Such a project would therefore be more likely to be additional – and by implication – be achieved without the need of a Corresponding Adjustment.

• This report will include all C-Capsule Certificates Issued and Redeemed in that year, regardless of whether a Corresponding Adjustment was made.

• Calculating carbon credits from these activities and using them to meet voluntary corporate climate targets, would therefore be unlikely to need a Corresponding Adjustment to provide an additional level of reassurance.

• Conditional NDCs could be used as an alternative to a Corresponding Adjustment in order to ensure emission reductions are not double-claimed through voluntary market transactions.

• Here, there are different scenarios.4.1.1. Compensation with Corresponding Adjustment, Scenario: MuItiIateraI ruIes are adoptedA solution with integrity would be for the signatories to the Paris Agreement to agree on the following: countries in- volved in climate protection projects would deduct emissions reductions in their reporting and the underlying CO2 balance sheet that they export abroad for offsetting.Double counting would thus be avoided and CO2 offsetting would be completed correctly.

• This requirement was already proposed by some parties, such as the Gold Standard (GS), which proposed that there should be an adjustment to the national carbon accounts when carbon credits are used for voluntary offsetting38 – this is referred to as a Corresponding Adjustment (CA).

• However, it could become more popular if the associated carbon credit does not require host government approval for a Corresponding Adjustment, where the transaction would be simpler and easier.Claim 3 : “Emission reductions”It is also possible to create a more nuanced claim that sits between the carbon offset claim and contributions claim.

More Definitions of Corresponding Adjustment

Corresponding Adjustment means an adjustment made to a Party’s National Greenhouse Gas Inventory when a transfer of a mitigation outcome is made internationally to be counted towards another Party’s Nationally Determined Contribution or other mitigation pledge;

Corresponding Adjustment is an adjustment to avoid double counting consistent with the guidance;

Corresponding Adjustment. Means Corresponding Adjustment set forth in Article 20 of the Bylaws.

Corresponding Adjustment means any adjustment by the Government of Malaysia to its national GHG inventory, as reported in its Nationally Determined Contribution, to reflect the international transfer of carbon credit units generated in Malaysia to a recipient located in a jurisdiction outside of Malaysia pursuant to and in accordance with these Rules, and in accordance with the Paris Agreement;

Corresponding Adjustment means, for each Authorised GSVER, an accounting adjustment made by the Host Country or the applicable Host Country Authority in accordance with the requirements of the Article 6 Rulebook and Gold Standard Terms with respect to such Authorised GSVER.

Corresponding Adjustment or “CA” means to account for the Authorized Transfer of ITMO-VERs in accordance with International Rules including paragraph 36 of decision 1/CP.21 and decision 2/CMA.3;