Carbon Positive
Carbon positive generally refers to an entity or business activity which causes emissions of carbon dioxide, while ‘carbon negative’ refers to activities that create a net reduction in CO2 emissions.
Carbon Insetting
Carbon insetting involves an organisation implementing its own carbon reduction projects for its own purposes and within its own value chain, without having to enter the market to buy third-party carbon credits.
ETS
An Emissions Trading System (ETS) is a market-based approach to reducing GHG emissions.
Renewable Energy
Renewable energy refers to energy (most typically electricity) generated from sources that are not finite. Such sources do not emit greenhouse gases when converted into power.
Green Steel
The production of steel without the use of fossil fuels. This can include the use of an Electric Arc Furnace or hydrogen-based direct reduction of iron ore.
CER
Certified Emission Reduction (CER) is a type of carbon offset generated by Clean Development Mechanism (CDM) projects governed by the United Nations’ Kyoto Protocol, which will be discontinued later in this decade…
Carbon Sequestration
The capture and storage of carbon dioxide emissions. Generally considered in two main categories: nature-based sequestration, such as forests, soils and marine-based bio-storage…
UNFCCC
An international treaty on climate change whose central aim is to avoid dangerous human-induced interference in the climate system, through various means including reducing the global atmospheric…
Article 6.4
Article 6.4 of the Paris Agreement establishes the ‘Paris Agreement Crediting Mechanism’ – a framework for trading carbon credits from greenhouse gas reduction, avoidance or removal projects.
