
Retirement of a carbon credit or offset represents its “use” to counterbalance emissions that take place elsewhere. Once retired, a carbon credit can no longer be traded or retired again.

Retirement of a carbon credit or offset represents its “use” to counterbalance emissions that take place elsewhere. Once retired, a carbon credit can no longer be traded or retired again.
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A term used to describe actions by organisations intended to create the impression of reducing emissions or improving sustainability credentials, but which lack verifiable environmental benefits.
Refers to the period – usually a calendar year – in which an emissions reduction, avoidance or removal takes place. Carbon credits are often listed as being of a particular vintage.
Voluntary Emission Reductions or Verified Emission Reductions. A general term used to describe project-based carbon credits.
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