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Displaying 11 - 20 of 36 Terms

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1. Carbon Pollution Reduction Scheme (CPRS)

   The Carbon Pollution Reduction Scheme is a cap-and-trade system of emissions trading for anthropogenic greenhouse gases, due to be introduced in Australia in 2010 by the Rudd government, as part of its climate change policy, marking a change in the Energy policy of Australia.

2. Carbon Sink

   A carbon sink is a natural or manmade reservoir that accumulates and stores some carbon-containing chemical compound for an indefinite period. The main natural sinks are: Absorption of carbon dioxide by the oceans and Photosynthesis by plants and algae. The main manmade sinks are: Landfills and Carbon capture and storage proposals. The process by which carbon sinks remove carbon dioxide from the atmosphere is known as CO2 sequestration or carbon sequestration.

3. Carbon Trading

   The process of buying and selling carbon credits. Large companies or organisations are assigned a quota of carbon that they are allowed to emit. If a company's emissions are less than its quota then it can sell credits if emissions are more then it will need to buy carbon credits.

4. CDM

   Clean Development Mechanism. A Kyoto Protocol initiative under which projects set up in developing countries to reduce greenhouse gas emissions generate tradable credits called CERs, the first step towards a global carbon market. These credits can be used by industrialised nations to offset carbon emissions at home and meet their Kyoto reduction targets. The projects include renewable energy generation, reforestation and clean fuels switching. See also JI

5. CDM EB

   Clean Development Mechanism Executive Board (CDM EB). The body that oversees operation of the CDM. The CDM EB registers CDM projects, issues CERs, and manages the various working groups that rule on project methodologies and other issues.

6. CDM Programme Activities (CPAs)

   Project activity under a programme of activities. A CPA is a single, or a set of interrelated measure(s), to reduce GHG emissions, applied within a designated area defined in the baseline methodology1.

7. CDM Registry

   System of accounts into which the CDM EB issues CERs from registered CDM project activities

8. CERs

   Certified Emission Reductions.

9. Certification

   A process by which a GHG reduction project is audited by a government agency or independent authority to determine that it meets established criteria. For instance, the act of approving emission reductions from a carbon project and issue emission reduction credits to the entity that owns the rights to the project credits.

10. Certified Emission Reductions (CER)

    This is the basic unit of the Clean Development Mechanism. One CER represents the successful emissions reduction equivalent to one tonne of carbon dioxide equivalent (tCO2e).

Displaying 11 - 20 of 36 Terms

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