CBAM
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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.
Carbon Project Developer
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A company – sometimes also the main investor – that implements a project to reduce or avoid emissions.
COP
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The Conference of Parties to the United Nations Framework Convention on Climate Change. The COP is the supreme body of the UNFCCC, made up of signatory nations.
Residual Emissions
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Refers to any remaining greenhouse gas emissions that cannot be easily reduced after all other efforts have been made.
MRV
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A standard prerequisite for carbon markets to function is to have accurate data on emissions output and how this changes over time.
Deforestation
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Deforestation is the removal, destruction or clearance of forests, usually to create more land for agriculture or to build urban areas, or for timber harvest.
Climate Justice
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The principle that the effects of climate change should be addressed in a way that is equitable and fair, especially for vulnerable and marginalized populations.
Standard
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A standard is a framework for measuring reductions, avoidances or removals of atmospheric carbon dioxide from a variety of different projects.
Carbon Dioxide Equivalent
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A unit used to express the total amount of greenhouse gases emitted as a result of a specific activity. It represents the amount of carbon dioxide (CO2) that would have the same warming effect on the atmosphere as the sum of all the greenhouse gases emitted.