Sustainability Credits definition
Sustainability Credits means any credits, benefits, reductions, offsets, allowances, securities, derivatives, attributes, tokens, or property rights resulting from quantifiable contribution(s) to the 2015 United Nations Sustainable Development Goals (and subsequent or derived applicable legislation), including climate change mitigation and/or adaptation actions, such as the avoidance, reduction or displacement in actual emissions of any gas, chemical, pollutant or other substance into the air, soil or water during a specified period and/or any underlying greenhouse gas reductions, biodiversity protection action and/or access to energy, all as resulting from the Project.
Examples of Sustainability Credits in a sentence
Where the Actual Capacity is less than the Contracted Capacity from the Commercial Operation Date, neither Party shall have any obligation to purchase or supply and must not be held liable for failing to purchase or supply Energy or Sustainability Credits or other attributes associated with or attributable to Energy generated by the Facility in excess of the Actual Capacity (the "Excess Capacity").
Unless otherwise agreed between the Parties, all Sustainability Credits relating to the Project shall be for the sole benefit of the Buyer.