Agenda - 12-11-2008 - 3a - Laserfiche WebLink

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62 difference between the number of metric tons of CO2e destroyed by the LFG Project calculated by reference to a GWP of twenty-three (23) or greater and the number of metric tons of CO2e destroyed by the LFG Project calculated by reference to a GWP of twenty-one (21). A sample calculation is provided in Exhibit G. b. For any month in which the GWP of methane is nineteen (19) or less, as accepted under any Laws regulating the GHG emissions of the University, or, in the .~. absence of such Laws, as provided°in the` then-current General Reporting. Protocol for the Voluntary Re~iort~r~ Progr~~rn published by The Climate ,,~~ .~ Re s then the Universi shall reduc~~~`fle payment due the County in the Monthly Billing Statement for such month b~``~amo~mt equal to twenty-five ~~~ ~,a. ~ percent (25%) of the product that results from m~a['ltiplying (i) the lesser of the g 111: }~anc~Market Price or the Forecasted Carbon Price for such mon Avera e ~ w4 ~` .~-~ ~. „ ,~;, ~:: by (La> ~he~erenccbetween the number of metric tons of CO2e destroyed by the ~~~ ~~~ LEG Pro~ec ulatec~. `~, ,- e , ~ to a GWP of twenty-one (21) and the number ~ ~~,,t ~„ ~~~,z~ ~~z ^-«, of metrics of ~ 9,~ ~~ destroyed by the LFG Project calculated by reference to a ~~'i`s1 ?~~ ii 6~ '~ ~~, GWP of nineteen (19}fir less. A sample calculation is provided in Exhibit G. ~. ~,, ,_ , ~r 125 cliustments for Other Environmental Benefits The economic benefit of this Agreement is basedi~,~'~upon the value of Carbon Credits. The Parties recognize that during ~fi~ the Term of this A ' ~eement, other Environmental Benefits may be generated through the University's operation of the LFG Project, particularly as relate to the market for renewable energy. The Parties further recognize that the current state of the market for such Environmental Benefits is unsettled with respect to whether, and to what extent, other Environmental Benefits 39 {00018638.DOC 16}