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.
Climate Justice
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
A standard is a framework for measuring reductions, avoidances or removals of atmospheric carbon dioxide from a variety of different projects.
Carbon Dioxide Equivalent
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.
Carbon Offsets
A carbon offset is an electronic certificate that represents the reduction or avoidance of one metric ton of greenhouse gas (GHG) emissions, typically carbon dioxide equivalent (CO2e), that has been achieved by a project or activity in another location or sector.