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Agenda - 12-01-2008 - 3c
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Agenda - 12-01-2008 - 3c
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12/1/2008 12:47:29 PM
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12/1/2008 12:43:58 PM
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BOCC
Date
12/1/2008
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
3c
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Minutes - 20081201
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\Board of County Commissioners\Minutes - Approved\2000's\2008
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62 <br />difference between the number of metric tons of CO2e destroyed by the LFG <br />Project calculated by reference to a GWP of twenty-three (23) or greater and the <br />number of metric tons of CO2e destroyed by the LFG Project calculated by <br />reference to a GWP of twenty-one (21). A sample calculation is provided in <br />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 <br />absence of such Laws, as provided~~ they' then-current General Reporting. <br />,~ <br />Protocol for the Voluntary Repo _._,g Progr~ published by The Climate <br />,~~~ ~ <br />~~- <br />Registry, then the University shall reduce; t lie payment due the County in the <br />Monthly Billing Statement for such month by~~~;~.mo~ t equal to twenty-five <br />percent (25%) of the product that results from mu[`l~iplying (i) the lesser of the <br />~:rF~,.~ ~,. <br />Average ~]1~auc~Market Price or the Forecasted Carbon Price for such mon <br />by (ia;~E <br />J.F~G Proj <br />s°° ,~~ <br />{{" F,:. <br />~, of metric= <br />'~, GWP of 1 <br />`~ <br />125. ~`' llstme <br />~_ <br />Agreement is based '~"`~.~. ~, <br />:: <br />a <br />the Term of this A e <br />nog between the number of metric tons of CO2e destroyed by the <br />to a GWP of twenty-one (21) and the number <br />of~~~~~~~e,~destroyed by the LFG Project calculated by reference to a <br />(19)~ less. A sample calculation is provided in Exhibit G. <br />The economic benefit of this <br />the value of Carbon Credits. The Parties recognize that during <br />other Environmental Benefits may be generated through the <br />University's operation of the LFG Project, particularly as relate to the market for renewable <br />energy. The Parties further recognize that the current state of the market for such Environmental <br />Benefits is unsettled with respect to whether, and to what extent, other Environmental Benefits <br />39 <br />{00018638.DOC 16} <br />
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