Advanced Brazilian Beehive Kiln - the Katoomba Group
Advanced Brazilian Beehive Kiln - the Katoomba Group
Advanced Brazilian Beehive Kiln - the Katoomba Group
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* PCF prefers to pay on delivery for emissions reductionsCarbon Financing v.s. UnderlyingFinancingTOTAL PROJECT COST =UNDERLYING FINANCING (LEASTCOST OPTION TO ATTAIN EQUALBENEFIT OTHER THANENVIRONMENTAL BENEFIT IN THESETTING ) + CARBON FINANCINGCARBON FINANCINGUNDERLYINGFINANCING• Carbon financing isdefined as <strong>the</strong> financingto attain emissionreductions which wouldnot o<strong>the</strong>rwise realized in<strong>the</strong> absence of <strong>the</strong>project (compared with<strong>the</strong> least cost option in<strong>the</strong> setting)• PCF funds* 1 a part ofcarbon financing