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2009-004 Solid Waste - UNC - Landfill Gas Agreement
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2009-004 Solid Waste - UNC - Landfill Gas Agreement
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Last modified
7/17/2015 9:42:53 AM
Creation date
7/29/2009 12:27:50 PM
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BOCC
Date
2/17/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
4l
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Agenda - 02-17-2009 - 4l
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\Board of County Commissioners\BOCC Agendas\2000's\2009\Agenda - 02-17-2009
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Protocol for the Toluntary Reporting Program published by The Climate <br />Registry, then the University shall reduce the payment due the County in the <br />Monthly Billing Statement for such month by an amount equal to twenty-five <br />percent (25%) of the product that results from multiplying (i) the lesser of the <br />Average Allowance Market Price or the Forecasted Carbon Price for such month <br />by (ii) the difference between the number of metric tons of C02e destroyed by the <br />LFG Project calculated by reference to a GWP of twenty-one (21) and the number <br />of metric tons of C02e destroyed by the LFG Project calculated by reference to a <br />GWP of nineteen (19) or less. A sample calculation is provided in Exhibit G. <br />124. Adjustments for Other Enviromnental Benefits. The economic benefit of this <br />Agreement is based in part upon the value of Carbon Credits. The Parties recognize that during <br />the Tenn of this Agreement, other Enviroiunental Benefits may be generated through the <br />University's operation of the LFG Project, particularly as they relate to the market for renewable <br />energy. The Parties further recognize that the cul~ent state of the market for such Enviromnental <br />Benefits is unsettled with respect to whether, and to what extent, other Environmental Benefits <br />may become available that are associated with the operation of the LFG Project. The Parties <br />recognize that during the Terin of this Agreement, new Laws, guidance, voluntary standards or <br />comparable directives may be issued that clarify the respective valuation protocols for various <br />Environmental Benefits associated with the LFG Project. <br />125. In consultation with the County, the University shall, on an ongoing basis, <br />determine if the categorization of Environmental Benefits associated with the LFG Project in <br />ways other than as Carbon Credits would result in additional revenue to the County without <br />compromising either the University's ability to derive environmental benefit through the <br />40 <br />
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