Orange County NC Website
a. For any month in which the GWP of methane is twenty-three (23) or greater, as <br /> accepted under any Laws regulating the GHG emissions of the University,or,in the <br /> absence of such Laws, as provided in the then-current General Reporting Protocol <br /> for the Voluntary Reporting Program published by The Climate Registry, then the <br /> University shall make a payment to the County in the Monthly Billing Statement <br /> for such month equal to twenty-five percent(25%) of the product that results from <br /> multiplying the (i) lesser of the Average Allowance Market Price of Emissions <br /> Allowances or the Forecasted Carbon Price for such month by (ii) the difference <br /> between the number of metric tons of CO2e destroyed by the LFG Project <br /> calculated by reference to a GWP of twenty-three(23)or greater and the number of <br /> metric tons of CO2e destroyed by the LFG Project calculated by reference to a <br /> GWP of twenty-one (21). A sample calculation is provided in Exhibit G. <br /> b. For any month in which the GWP of methane is nineteen(19)or less, as accepted <br /> under any Laws regulating the GHG emissions of the University,or,in the absence <br /> of such Laws, as provided in the then-current General Reporting Protocol for the <br /> Voluntary Reporting Program published by The Climate Registry, then the <br /> University shall reduce the payment due the County in the Monthly Billing <br /> Statement for such month by an amount equal to twenty-five percent(25%) of the <br /> product that results from multiplying (i) the lesser of the Average Allowance <br /> Market Price or the Forecasted Carbon Price for such month by (ii) the difference <br /> between the number of metric tons of CO2e destroyed by the LFG Project <br /> calculated by reference to a GWP of twenty-one(21)and the number of metric tons <br /> 39 <br /> {00018638.DOC 2120 <br />