Kyoto Protocol
An international treaty on climate change adopted by more than 190 countries in 1997 in Kyoto, Japan.
Green Hydrogen
Green hydrogen refers to the splitting of water by electrolysis into its components, oxygen and hydrogen, using electricity from renewable sources such as wind or solar power plants.
Abate
In the context of greenhouse gases, generally refers to a reduction of emissions.
CORSIA
An international carbon market operated by the International Civil Aviation Organisation to ensure that emissions from the global aviation sector do not increase above a 2019 baseline.
SBTi
A corporate climate action organisation that creates recognised frameworks that enable companies and financial institutions to set emissions reduction targets that are in line with the science of climate change.
Blue Carbon
Carbon credits from projects involving the remove of carbon emissions from the atmosphere using natural sequestration in coastal or marine environments.
Scope 1, 2 & 3 Emissions
Scope 1 emissions refer to the emissions directly associated with an entity’s own operations.
Credit Retirement
Retirement of a carbon credit or offset represents its “use” to counterbalance emissions that take place elsewhere.
CBAM
In the context of the European Union’s proposed CBAM, this policy places what is considered to be a fair price on the carbon emissions associated with products imported into the EU.