GLOSSARY

 

 

Accreditation - The accreditation process includes a project meeting the rules and requirements by their carbon standard and receiving additional verification from an independent third-party organization. Once the project is reviewed and verified by a third party, carbon credits can be issued.

 

Adjusted Credit - An adjusted credit is a carbon credit that avoids double counting by the host country deducting the number of credits sold from its carbon reductions they are claiming. In return, the carbon credits being bought are added to the buyer’s tally of reductions.

 

Carbon Standards (Accreditation Agencies) - Organizations that verify carbon offsetting projects as legitimate for sale. Each standard sets specific rules, benchmarks, and aims of its projects to ensure all projects are meeting their emissions reduction goals.

 

Clean Development Mechanism (CDM)  - A United Nations carbon offset program established by the Kyoto protocol to facilitate carbon mitigation through the investment in foreign nations’ carbon projects.

 

Co-benefits - Additional benefits such as increased biodiversity, species protection, community wellbeing, and more as a result of the carbon project’s interventions.

 

Compliance Markets - Compliance markets have a mandatory cap on greenhouse gas emissions where the regulated entities obtain offsets in order to meet the targets set by the regulating body. 

 

Community-Based Ecological Mangrove Restoration (CBEMR) - CBEMR is based on the principle of mangrove restoration based on the historic ecological state and processes in that area. It is led by community organizations that aim to empower the community and generate long-term restoration goals

 

Corresponding Adjustments (CA) - A global carbon accounting mechanism whereby a country sells offsets generated within its borders to another country. In the carbon accounting record, the seller must add the emissions to its ledger while the buyer deducts the credits.

 

Ecosystem Restoration - The action of assisting an ecosystem to recover from damage through recovery efforts.

 

Greenhouse Gases (GHG) - Gases that absorb and emit infrared radiation, contributing to the greenhouse effect. Greenhouse gases include water vapor, methane, carbon dioxide, nitrous oxide, and others. Each greenhouse gas has a different global warming potential based on its lifetime in the atmosphere and its efficiency.

 

International Carbon Reduction and Offset Alliance (ICROA) - A non-profit organization aimed at promoting best practices in the voluntary carbon market.

 

Internationally-Transferred Mitigation Outcomes (ITMO) - ITMOs are carbon credit trading units between parties of the Paris Agreement to meet carbon emission reduction goals.

 

Land tenure - The right to own, use, or operate land that an individual, group, or community resides on.

 

Methodology - Methodologies are step-by-step requirements created by project developers to quantify the greenhouse gas reductions and benefits of projects.

 

Nationally Determined Contribution (NDC) - NDCs are national targets described by countries to meet their carbon mitigation goals.

 

Non-adjusted credit  - Non-adjusted credits are credits that are not accounted for in the avoidance of double counting. The seller of the credit does not deduct the credit from their emissions.

 

Registries - Carbon registries issue verified offset credits and track each unit from issuance to retirement. Registries are vital to create credible offsets and ensure no credit is claimed twice.

 

Retired/Cancelled Credits - When companies or organizations claim the benefits of purchased credits, those credits are retired, or canceled from the registry. This ensures that no other entity can claim the benefits of those credits.

 

Verified Offset - Verified offsets are credits that have been authorized by a carbon standard as legitimate removal or avoidance of greenhouse gas emissions.

 

Voluntary Markets - Carbon markets that occur outside the compliance market. Credits can be purchased by companies, organizations, or individuals to meet net-zero goals.

 

 

 

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