VCMI
An independent governance body involving a diverse group of stakeholders with the aim of setting guidance on best practice for the corporate use of project-based carbon credits.
CCUS/CCS
Under CCS, carbon emissions are captured and permanently stored, for example in geological storage sites.
Carbon Removal
The direct removal of CO2 from the atmosphere. Carbon removal is split into two broad categories: nature-based removal, such as planting trees, increasing seagrass growth or boosting uptake of CO2 in soils…
Carbon Negative
The reduction of an entity’s carbon emissions below net zero, so it has achieved a net reduction in emissions. The entity’s total reductions or removals are greater than its total output of carbon.
Carbon Sink
A natural or artificial system that absorbs and stores carbon dioxide, thereby reducing CO2 concentrations in the atmosphere.
Carbon Brokers
Carbon brokers are intermediaries who facilitate the buying and selling of carbon credits or emission allowances between parties.
Carbon Avoidance
Examples include avoided deforestation programs, where deforestation is the norm in a given location, and an investor undertakes a project to protect an area of forest for clearance.
CDR
Carbon Dioxide Removal. Anthropogenic activities removing CO2 from the atmosphere and durably storing it in geological, terrestrial or ocean reservoirs, or in products.
BECCS
Bioenergy with Carbon Capture and Storage. Involves the use of biomass converted into fuel and burned to produce energy, while the resulting CO2 is captured and stored.