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Displaying 91 - 100 of 208 Terms

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1. Flexible mechanisms

   A key feature of the Kyoto Protocol is the creation of the flexible mechanisms, namely the Clean Development Mechanism (CDM), Joint implementation (JI), and International Emissions Trading (IET). Parties from Annex 1 countries which have ratified the Kyoto Protocol, regardless of emissions reductions commitments, are permitted to utilise one or more of these mechanisms.

2. Forward Action Request (FAR)

   The FAR is a request made by the DOE during validation. It is used to highlight issues related to project implementation that require review during the first verification of the project activity. FARs must be reported on in the validation report.

3. Framework Risk

   Risk Category associated with completion of the applicable regulatory cycle, including final emission reductions issuance.

4. Fuel Switching

   The process of moving from a higher carbon content fuel, such as coal, to a lower carbon content fuel, such as natural gas, in power generation and industrial process for purposes of reducing carbon emissions.

5. G77

   The Group of 77 is the largest intergovernmental organization of developing states in the United Nations, which provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development.

6. Global Environment Facility (GEF)

   The GEF is a global partnership among 178 countries, international institutions, non-governmental organizations (NGOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives. It provides grants for projects related to six focal areas: biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.

7. Global Warming Potential (GWP)

   GWP is a measure of how much a given mass of greenhouse gas is estimated to contribute to global warming. It is a relative scale which compares the gas in question to that of the same mass of carbon dioxide.

8. Global Warming Solutions Act of 2006

   The Global Warming Solutions Act of 2006 is an environmental law in California, signed into law by Governor of California on September 27, 2006. The bill establishes a timetable to bring California into near compliance with the provisions of the Kyoto Protocol.

9. Gold Standard

   Gold Standard credits (GS-CER and GS-VER) are offered for sale in compliance offset markets established by the Kyoto Protocol and in non-Kyoto voluntary offset markets. The Foundation has trademarked the Gold Standard label, which is today internationally-recognised as the leading indicator of quality in carbon markets.

10. Grandfathering

    Method for allocation of emissions credits/allowances to companies or other legal entities, usually free of charge, on the basis of their historic emissions. Grandfathering has been the main allocation method in Phase I1 and I2I of EU ETS.

Displaying 91 - 100 of 208 Terms

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