Carbon Market Glossary.
The carbon markets are full of acronyms, we help you navigate some of the most important ones.
Assigned Amount Unit - represents 1 tonne of GHG to be traded under the Kyoto Protocol, under the CDM. The other type of unit created under the CDM was the CER, which was much more common than the AAU. AAUs were produced in Annex B countries (mostly former Soviet Union).
Avoided Conversion of Grasslands and Shrublands.
American Carbon Registry.
Advanced Carbon Restored Ecosystem.
Agriculture, Forestry and Other Land Use.
Aboveground Non-Tree Biomass.
Aboveground Tree Biomass.
Agricultural Land Management.
Assisted or Accelerated Natural Regeneration.
Area of Interest.
Avoiding Planned Conversion.
Avoided Planned Deforestation.
Afforestation, Reforestation and Revegetation
Avoiding Unplanned Conversion.
Avoiding Unplanned Deforestation (and/or Degradation).
Assets Under Management.
Avoiding Unplanned Mosaic Deforestation and Degradation.
Bioenergy with Carbon Capture and Storage.
Below ground biomass.
Beyond value chain mitigation
Climate Action Reserve.
Corrective Action Report (for nonconformities).
Carbon Border Adjustment Mechanism.
Climate, Community & Biodiversity Program.
Core Carbon Principles.
Carbon Capture & Storage.
Carbon capture, utilization and storage.
Chicago Climate Exchange.
Clean Development Mechanism - Under this, emission-reduction projects in developing countries can earn certified emission reduction credits. These saleable credits can be used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.
Carbon Disclosure Project - Not-for-profit charity organization that holds datasets on organizations and carbon.
Carbon Dioxide Removal.
Credit Default Swap.
Certified Emission Reduction - represents 1 tonne of GHG to be traded under the Kyoto Protocol, under the CDM. The other type of unit created under the CDM was the AAU, which was much less common than the CER. CERs were produced in developing countries.
Chartered Financial Analyst Institute.
Community Forest Management Project.
Commodity Futures Trading Commission.
Cropland and Grassland Land-use Conversions.
Center for International Forestry Research.
Carbon Markets Innovation Forum.
Carbon Dioxide.
Carbon Dioxide Equivalent.
Carbon Offsetting and Reduction Scheme for International Aviation.
The time frame during which a carbon project can generate and sell carbon credits.
Climate Reserve Tonnes.
Customer Satisfaction.
Conservation of Undrained or Partially Drained Peatland.
Directors and Officers Insurance.
Direct Air Capture.
In charge of the project and responsible for its activities.
Designated National Authority.
Debt for Nature Swap.
Dissolved Organic Carbon.
Dead Tree Stump biomass.
Errors and Omissions Insurance.
Energy Efficiency.
Economic Land Concession.
Earth Observation.
Emission Reductions.
Extended Rotation Age / Cutting Cycle.
Enterprise Risk Management.
Emission Reduction Purchase Agreement.
Emission Reduction Unit.
Environmental, Social, Governance Risk.
Forward Action Request.
Financial Accounting Standard Board.
Forest Carbon, Markets, and Communities Program.
Field Data Science.
Forest non-forest.
Forest Reference Emission levels.
Framework Review Committee.
Google Earth Engine.
Gross Emission Reductions.
Greenhouse Gases.
Global Investment Performance Standards.
Global Warming Potential.
High-forest/low-deforestation nations.
Instituto Brasileiro de Geografia e Estatistica (Brazilian Institute of Geography and Statistics).
Improved Cropland Management.
Improved Cookstoves.
Integrity Council for the Voluntary Carbon Market.
Improved Forest Management.
Improved Grassland Management.
Intergovernmental Panel on Climate Change.
Investment Policy Statement.
Internal Rate of Return.
Internationally Transferred Mitigation Outcomes.
International Union for Conservation of Nature.
Joint Implementation.
Jurisdictional nested REDD+ Initiative.
Leakage Area
Logging Damage Factor - dead biomass carbon left behind in gap from felled tree and incidental damage.
Lying Deadwood Biomass.
Lowering Emissions by Accelerating Forest finance Coalition.
Low-Productive to High-Productive Forest.
Logged to Protected Forest.
Land Use, Land-Use Change and Forestry.
Monitoring Plan.
Monitoring Report.
Measurement, Reporting and Verification.
Nationally Appropriate Mitigation Actions.
Nationally Determined Contributions.
Non-Timber Forest Products - NTFPs are biological resources or products from flora– which are not wood – obtained from forests for subsistence or for trade.They can come from native, primary or secondary forest, planted forest or agroforestry systems. NTFPs include a wide range of products including medicinal plants, fibers, resins, latex varieties, oils, rubbers, fruits, nuts, seasonings, dyes, rattan, bamboo, etc.”
Over Crediting Risk.
On Demand Assessment - a provisional rating for pre-issuance projects based on limited data provided.
Operational Entity.
Project Area.
Project Accounting Area
Project Document.
Project Design Document.
Payment for Ecosystem Service.
New Zealand Permanent Forest Sink Initiative.
Project Information Note.
Pending Issuance Unit.
Professional Liability Insurance.
Papua New Guinea.
Program of Activities.
Project Quality Base.
Peatland Rewetting and Conservation.
Entities or individuals organizing, proposing, or advocating a particular carbon offset project.
Reference Area.
Rewetting of Drained Peatland.
Reducing Emissions from Deforestation and Degradation.
Regenerative Agriculture.
Renewables.
Regional Greenhouse Gas Initiative Program.
Reduced Impact Logging.
Readiness Preparation Proposal.
Reference region for projecting rate of deforestation.
Reference region for projecting location of deforestation.
Society of American Foresters.
Small Business Research Initiative.
Science Based Targets Initiative.
Social Carbon Report.
Sustainable Development Goal.
Standing deadwood biomass.
Securities and Exchange Commission (US)
Sustainable Forest Management.
State Implementation Plan.
Strength of Baseline.
Soil Organic Carbon.
Special Presidential Envoy for Climate.
Socially Responsible Investing.
United States Agency for International Development.
“Verified Carbon Standard” - A program managed by Verra. Allows certified projects to turn their greenhouse gas (GHG) emission reductions and removals into tradable carbon credits.
Program managed by Verra -accounting and crediting system for jurisdictional REDD+ programs and nested projects, designed for market mechanisms.
Verified Carbon Unit.
Voluntary Emission Reduction Purchase Agreement.
The Verified Carbon Standard, Verra or VCS, formerly the Voluntary Carbon Standard, is a standard for certifying carbon emissions reductions. VCS is administered by Verra, a 501 not-for-profit organization.
Validation/Verification Bodies.
Wetlands Restoration and Conversion.
