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This creates a supply of environmental "credits".
The ethanol credits, like some other kinds of environmental credits, can be banked as well as bought and sold.
Ontario Power Generation, a Canadian utility, has struck a deal with Zahren Alternative Power, a small American firm, to purchase environmental "credits" to offset OPG's emission of 2.5m tonnes of carbon dioxide, the principal greenhouse gas.
In view of that, environmental credits can be achieved by selecting a mineral-based wall instead of sheet piles for the funnel construction and by minimising the steel consumption for the gate construction.
The tally also includes some federal environmental credits.
The Palo Alto company has also collected more than $517 million from competing automakers by selling environmental credits.
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On Friday, Sir Ian Byatt, a former government director of water services, said ministers have "hitherto treated regulatory financing arrangements as an environmental credit card, with too little concern for those paying the bills".
An environmental credit using life cycle assessment was employed to compare by-products.
Open image in new window Figure 3 System boundary of by-product recycling for the quantification of environmental credit.
An environmental credit which resulted from recycling of food wastes could be analyzed and quantified by avoided impact analysis.
Environmental credit was 33 kg of CO2-eq for anaerobic digestion and −315 kg of CO2-eq for dryer-incineration from 1 tonne of food waste, respectively (Table6).
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