Certified emission reduction (CER)

Negotiable credit in the international carbon market originated from clean development mechanism (CDM) projects.

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Biome

Biome

The word ‘biome’ – ‘bios’ (from Ancient Greek βίο, meaning ‘life’) and ‘ome’ (a variation of ōma, from Ancient Greek ωμα, meaning ‘mass’ or ‘group’) – was first used in 1943 by the American botanist Frederic Edward Clements, to define a biological unit or...

Carbon credits

Carbon credits

Reductions in greenhouse gas emissions tradable in the international carbon market, measured in avoided tons of carbon dioxide equivalent (tCO2e). Currently, there are two types of assets being traded on the market: (i) emission allowances allocated to an existing...

Designated National Authority

Designated National Authority

Clean Development Mechanism (CDM) projects require domestic monitoring by parties representing the government of the countries involved in the project. Such authority, known as Designated National Authority (DNA), is invested with great responsibility to approve...