Corresponding Adjustment means the accounting adjustment that both Sweden and Nepal 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 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;
Examples of Corresponding Adjustment in a sentence
Section 5.1, the Parties shall strive to apply international best practice concerning the use of Corresponding Adjustment methods and the application of Corresponding Adjustments.
More Definitions of Corresponding Adjustment
Corresponding Adjustment. Means Corresponding Adjustment set forth in Article 20 of the Bylaws.
Corresponding Adjustment has the meaning given to the term in the Paris Agreement Rules.
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 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;