---
title: Net Zero Overage and Net Zero Objectives
date: 2024-03-27T13:21:12Z
modified: 2025-09-10T10:07:22Z
permalink: "https://chancerylaneproject.org/glossary/net-zero-overage-and-net-zero-objectives/"
type: glossary-term
status: publish
excerpt: ""
wpid: 1325
timestamp: 2025-09-10T10:07:22Z
tags: []
---

## Definition

**Net Zero Overage** means a sum to be paid by \[_Party A_\] if \[_Party A_\] fails to meet its Net Zero Objectives. This will be calculated in accordance with the formula in \[clause OR schedule ●\].

**Net Zero Objectives** means \[all of the following\]:

(a) maximise the proportion of housing in the Development that meets Level 6 of the Code for Sustainable Homes \[or any successor or equivalent standard\];

(b) use construction materials with the lowest [Embodied Carbon](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/embodied-carbon-embedded-carbon.md) reasonably available;

(c) maximise the generation of renewable energy on the Development;

(d) minimise the use of heating and hot water technologies that use [Hydrocarbons](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/hydrocarbons.md) or produce [Greenhouse Gases](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/greenhouse-gases-ghgs.md);

(e) establish a programme to produce and sell renewable electricity generated by the Development to residents or third parties;

(f) maximise carbon sequestration and storage through nature-based solutions (afforestation, soil carbon enhancement) and engineered approaches (direct air capture with storage), ensuring permanence and additionality;

(g) use [Offsetting](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/offsetting.md) for the Development as a last resort;

(h) minimise the use of energy by the development using smart grid, demand side energy management and other technologies;

(i) prioritise the use of electricity from [Renewable Energy Sources](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/100-percent-renewable-energy-and-renewable-energy-sources.md) over all other types of fuel on the Development;

(j) maximise the use of [Electric Vehicles](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/glossary-term/ultra-low-emission-vehicle-ulev-electric-vehicle-ev-zero-and-low-emission-vehicle-zlev-light-commercial-vehicle-lcv-and-zero-emission-vehicle-zev.md) within the Development including by installing a substation with sufficient capacity to be able to support the related charging requirements; and

(k) connect into existing district heating schemes where possible.