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A grandfather clause, also known as grandfather policy, grandfathering, or being grandfathered in, is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases.
A grandfather clause (or grandfather policy or grandfathering) is a provision in which an old rule continues to apply to some existing situations while a new rule will apply to all future cases. Those exempt from the new rule are said to have grandfather rights or acquired rights , or to have been grandfathered in .
In reality, grandfathering subsidizes polluters, meaning that polluting industries may be kept in business longer than would otherwise occur. [citation needed] Grandfathering may also reduce the rate of technological improvement towards less polluting technologies (Fisher et al., 1996, p. 417).
The bill changed the process used to alter subsidized premiums and reinstated grandfathering of lower rates; effectively delaying the increases in flood insurance premiums to obtain risk-based premiums under Biggert-Waters and spreading the cost of the lost premiums over all of the remaining policy holders. [20] [22] [23]
Trunk carriers or trunk airlines or trunklines or trunks, were the US scheduled airlines certificated in the period 1939–1941 by the Civil Aeronautics Authority (CAA) or its immediate successor, the Civil Aeronautics Board (CAB) after the passage of the 1938 Civil Aeronautics Act on the basis of grandfathering: those carriers that were able ...
Reforms tend to be phased in slowly when the retirement age (or pension age) is increased with grandfathering, ensuring a gradual change. One of such examples of grandfathering is the transitional pension rules, which were applied for staff aged 54 years or older, and to some extent, for all staff in place, when in 2014, the retirement age of ...
Allowance prices for carbon emission trade in all major emission trading schemes in Euro per ton of CO2 emitted (from 2008 until August 2024) Carbon emission trading (also called carbon market, emission trading scheme (ETS) or cap and trade) is a type of emissions trading scheme designed for carbon dioxide (CO 2) and other greenhouse gases (GHGs).
New Zealand Unit Prices. The New Zealand Emissions Trading Scheme (NZ ETS) is an all-gases partial-coverage uncapped domestic emissions trading scheme that features price floors, forestry offsetting, free allocation and auctioning of emissions units.