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Besides setting goals for the seven companies, the agreement allows them to buy and sell credits gained for making cuts beyond their targets.
These include land use and forestry credits, carbon offset credits gained from UN Clean Development Mechanism schemes, surplus carbon allowances accumulated by former Soviet countries and international aviation and shipping emissions, which are not currently included in emission reduction schemes proposed by countries.
So tax charged would be equal to tax credits gained.
Consequently, environmental impacts resulting from the waste incineration are reduced by credits gained from the avoided primary production of thermal and electric energy.
Despite these hefty capital costs, the combustor area had a negative cost of −45% due to significant credits gained from the export of surplus electricity from the combustion of bamboo residues that were not converted into bioethanol.
In this sense the credits gained by the survey program are corroborated by active research of the participant in the medical literature and the educational value of the survey is perceptibly increased.
Similar(54)
Leading electronics firms have bartered discontinued stock, placing it in leading hotels in exchange for media and trade credits — gaining a potential new client in the hotel group in the process.
Automobile credit gained the most in May as a result of cut-rate financing deals and improved car sales.
People with poor credit gained access to loans that would otherwise be unavailable, he said, while lenders obtained "the opportunity for higher returns".
Choose from more than 400 Cornell classes, study with renowned faculty, earn credits, gain valuable skills, and complete requirements, all in a gorgeous setting.
The farmer credits Contract Receivable for $12,000 to close the account balance, credits Grain for $11,000 (the current market value), and credits Gain on Forward Contract for $1000 to record the $1000 gain recognized over the grain's market value.
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