Climate Contract Playbook Edition 3
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(iii) [the achievement of or improvement to the achievement of sustainability performance targets of the Employer’s sustainability linked loan]; (iv) [the improvement of the Project’s performance under the terms of the [Employer’s Green Loan]]; and (v) [the prevention of a default under the terms of the Employer’s Green Loan]; or (d) in relation to the occupation, operation and utilisation of the Project during its operating life: (i) minimising greenhouse gas emissions; (ii) maximising energy efficiency; and (iii) maximising resilience to the impacts of climate change in a concentration pathway RCP8.5 future or other runaway climate change scenario. 1. Contractor’s Green Obligations The Contractor must, to the extent that is reasonably practicable in the circumstances, undertake its obligations under the deed in a manner which maximises the prospect of achieving the Green Objectives.
2.
Green Modification
2.1 Green Modification request by Contractor The Contractor may propose a Green Modification to the Works by giving a written notice to the Employer and Superintendent, setting out: (a) the proposed Green Modification; (b) the reason for the proposed Green Modification, including how the Green Modification will assist in delivering to the Green Objectives; (c) the time within, and the manner in which, the Contractor proposes to implement the proposed Green Modification; (d) the effect the proposed Green Modification with have on the construction program (including any extension of time required to the Date for Practical Completion); (e) any Approvals required to implement the proposed Green Modification, and the effect of the proposed Green Modification on any existing Approvals; (f) the effects the proposed Green Modification will have on the Contractor’s ability to satisfy its obligations under the deed (including any warranties given by the Contractor under the deed and in respect of work health and safety on the site); (g) the cost impacts to the Employer arising from the Green Modification, including but not limited to: (i) cost savings or increases to the Contract Sum; (ii) costs savings to the ongoing operations and maintenance of the completed Project (including reduced energy costs arising from the Green Modification); (iii) reduced [costs of greenhouse gas emissions obligations/carbon price etc]; (iv) reduced financing costs of the Project; and (h) any other relevant information reasonably required by the Employer to assess the proposed Green Modification, (i) ( Green Modification Notice ).
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