Emissions Allowance definition

Emissions Allowance means an authorization in a given jurisdiction to emit a specified amount of carbon dioxide equivalent or other measurement of greenhouse gases, and documented as an emissions credit, certificate, or similar instrument.

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Emissions Allowance means an allowance under paragraph 5 of Schedule 2 to the Climate Change Act 2008 relating to a trading scheme; 5

Emissions Allowance means a limited tradable authorization to emit up to one metric ton of carbon dioxide equivalent issued either pursuant to the GHG Regulations or federal law.

Examples of Emissions Allowance in a sentence

• Furthermore, Purchaser covenants that Purchaser shall not sell or transfer any Emission Allowances transferred to Purchaser pursuant to this Agreement until such time as Purchaser has satisfied applicable Governmental Authorities that sufficient Emissions Allowances exist in the Facility account to satisfy all Emissions Allowance obligations of the Facility for the year in which the Closing occurs at the time when due.

• GENERAL TERMS & CONDITIONS: This Confirmation and Transaction are subject to the Master Emissions Allowance Purchase and Sale Agreement (the "Agreement") between the Parties.

• The Parties shall cooperate fully and assist Seller in obtaining any and all required approvals and/or certificates which may be required to effectuate the transfer of the Emissions Allowances and to comply with any and all other regulatory obligations relating to recording and tracking of the transfer and/or use of the Emissions Allowances as required by the Emissions Allowance Tracking System.

• An Emissions Allowance Transaction may also constitute a swap of emissions allowances or reductions or an option whereby one party grants to the other party (in consideration for a premium payment) the right, but not the obligation, to receive a payment equal to the amount by which the specified quantity of emissions allowances or reductions exceeds or is less than a specified strike.

• This U.S. Emissions Allowance Transaction Annex (“Emissions Annex”) supplements, forms part of, and is subject to the above-referenced Agreement and is part of the Schedule thereto.

• Carbon Emissions Allowance Position Report Buyers and Sellers must send this report to ICE Futures Europe and the Clearing House by 10:30 hours each day from 15 days prior to expiry until the last trading day.

• Indeed, the EU’s most significant legislative contribution to date in the field of climate change is its Emissions Trading Scheme (Directive 2003/87/EC establishing a Scheme for Greenhouse Gas Emissions Allowance Trading within the Community, L275/32 (25 October 2003), which came into force in January 2005).

• In respect of an EU Emissions Allowance Transaction, a notice that cites Publicly Reported Information confirming that an Allowance previously delivered is an Affected Allowance.

• An Emissions Allowance Transaction may be physically settled by delivery of emissions allowances or reductions in exchange for a specified price, differing vintage years or differing emissions products or may be cash settled based on the difference between the market price of emissions allowances or reductions on the settlement date and the specified price.

• Publicly Reported Information: In respect of an EU Emissions Allowance Transaction, information that reasonably confirms that an Allowance is an Affected Allowance and which has been published in one Public Source, regardless of whether the reader or user thereof pays a fee to obtain such information.

More Definitions of Emissions Allowance

Emissions Allowance means an allowance under paragraph 5 of Schedule 2 to the Climate Change Act 2008 relating to a trading scheme; “trading scheme” means a trading scheme dealt with under Part 1 of that

Emissions Allowance means allowances for nitrogen oxide (NOx), as authorized by any state that is signatory to or subject to the Ozone Transport Commission Memorandum of Understanding dated September 27, 1994; and sulfur dioxide (SO2), as authorized by the Administrator of the EPA under Title IV of the Clean Air Act Amendments of 1990 (as the same may be amended or supplemented) or any successor statutes which are the basis for the Federal Air Pollution Control Program for Sulfur Dioxide Emissions.

Emissions Allowance means an ‘allowance’ as defined in article 3(a) of Directive 2003/87/EC which established the scheme for greenhouse gas emissions allowance trading within the EU. That article provides that an ‘allowance’ is an allowance to emit one tonne of carbon dioxide equivalent during a specified period, only valid for the purpose of meeting the requirements of Directive 2003/87/EC and only transferable in accordance with the provisions of that directive (emissions allowance).

Emissions Allowance means a Sulfur Dioxide Emissions Allowance or a Nitrogen Oxide Emissions Allowance as defined by the Clean Air Act.

Emissions Allowance means tradable emissions credits, allowances or other authorizations to emit specified units of pollutants or Hazardous Substances from the Plant, which units are established by the Governmental Authority with jurisdiction over the Plant under (i) any air pollution control and emission reduction program designed to mitigate interstate or intrastate transport of air pollutants, (ii) any program designed to mitigate impairment of surface waters, watersheds, or groundwater, or (iii) any pollution reduction program with a similar purpose, in each case regardless of whether the Governmental Authority establishing such authorizations designates such authorizations by a name other than “allowances.”

Emissions Allowance means tradable emissions credits, allowances or other authorizations to emit specified units of pollutants or Hazardous Substances from the Plant, which units are established by the Governmental Authority with jurisdiction over the Plant under (i) any air pollution control and emission reduction program designed to mitigate interstate or intrastate transport of air pollutants, (ii) any program designed to mitigate impairment of surface waters, watersheds, or groundwater, or (iii) any pollution reduction program with a similar purpose, in each case regardless of whether the Governmental Authority establishing such authorizations designates such authorizations by a name other than “allowances.” “Environmental Claim” means any and all Actions, demands, demand letters, directives, Liens or notices of noncompliance or violation by any Person (including any Governmental Authority) alleging potential liability (including potential responsibility for or liability for enforcement costs, investigatory costs, cleanup costs, governmental response costs, removal costs, remedial costs, natural-resources damages, property damages, personal injuries, fines or penalties) arising out of, based on or resulting from (A) the presence, or Release or threatened Release into the environment, of any Hazardous Substances at any location, whether or not owned, operated, leased or managed by the Company; (B) circumstances forming the basis 17