Carbon Trading Law and Practice by Scott Deatherage

Author:Scott Deatherage [Deatherage, Scott]
Language: eng
Format: azw3
Tags: Law
Publisher: LexisNexis
Published: 2013-03-13T16:00:00+00:00

A covered entity may use one ton of domestic offset credits or one ton of international offset credits, up to 2018, at which time 1.25 tons of international offsets may be used, to offset its emissions for the relevant compliance year. 47 For any covered entity, the amount of offsets that it may use to meet its annual compliance obligations is determined by taking the amount of greenhouse gas emissions, unless excluded by the Act, from the year before the relevant compliance year and dividing that number by the total number of greenhouse gas emissions, unless excluded by the Act, by all covered entities in that time frame, and multiplying that quotient by two billion tons CO2 e. 48

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