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.
Carbon Project Developer
A company – sometimes also the main investor – that implements a project to reduce or avoid emissions.
COP
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
Refers to any remaining greenhouse gas emissions that cannot be easily reduced after all other efforts have been made.
MRV
A standard prerequisite for carbon markets to function is to have accurate data on emissions output and how this changes over time.
Deforestation
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.