The credits, valued at $1 apiece, can be used at Woodhull and its clinics to pay for appointments, lab tests and medical procedures.
The centerpiece of Australia's Clean Energy Act passed in 2012, the carbon tax required 350 of the nation's biggest polluters to purchase carbon credits, valued at AU$23 per ton, if they exceeded their allotted targets.
Each property is assigned a credit value based on its potential weekly rental income.
(A town house in Fort Lauderdale might have half the credit value of a ski condo in Copper Mountain, Colo., for instance).
One of the maneuvers, widely used since the financial crisis erupted last spring, involves the way Citigroup accounted for a decline in the value of its own debt, a move known as a credit value adjustment.
Bear Stearns, now absorbed into JPMorgan Chase, and Lehman Brothers, which plunged into bankruptcy last autumn, took advantage of credit value adjustments as their bonds lost value last year, as did Goldman Sachs.
A breakdown of the $15bn hit shows $6bn in write-downs and credit costs on exposure to sub-prime mortgages; $3.1bn in write-downs on funded and unfunded highly leveraged finance commitments; a downward credit value adjustment of $1.5bn related to exposure to bond insurers; $1.5bn in write-downs on auction-rate securities and a $3.1bn increase in credit costs in its global consumer business.
Either queue is allowed to transmit only if its current credit value is positive.
Credit value adjustment (CVA) is an adjustment to an existing trading price based on the counterparty-risk premium.
Monetizing the ecosystem goods and services of carbon offset credits using a global social carbon credit value increases the value of biomass production at Pelly's Lake.
