Incentivise Emissions Reductions through Gain-Share

This clause incentivizes a counterparty to reduce greenhouse gas emissions in exchange for a gain-share payment calculated by reference to the value of the goods or services it provides.

A clause obliging stakeholders in renewable energy technology supply chains to lower their carbon emissions, minimize their environmental impact and safeguard against modern slavery.

This clause inserts a formal ‘carbon budget’ alongside the traditional financial budget for construction projects.