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Glossary
Conference of Parties (COP)
Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC).
Corporate system of GHG emissions trading
trading system for the GHG emissions’ rights that operates within a corporate level, providing economic incentives work to reduce GHG emissions.
Crediting period
fixed and agreed period during which it is possible to obtain emissions reductions as a result of a JI project.
Database of the projects that reduce GHG emissions
information-analytical system, in accordance with a given set of parameters reflecting the structure of the various projects that reduce GHG emissions.
Emission Reduction Units (ERUs)
unit of emission reductions achieved through a JI project. This unit is equal to one metric ton of carbon dioxide equivalent.
Emissions Trading
allows for transfer of AAUs across international borders or emission allowances between companies covered by a Cap and Trade scheme. However, it is a general term often used for the three Kyoto mechanisms: JI, CDM and emissions trading.
Executive Board of the Clean Development Mechanism
10-member panel elected at COP-7 which supervises the CDM and has begun operation in advance of the Protocol's entry into force.
GHG emissions
anthropogenic emissions of gases (carbon dioxide (CO2), methane (CH4), nitrous oxide (N 2 O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF 6) into the atmosphere from the emission source.
Greenhouse gases (GHGs)
gases released by anthropogenic activity that are responsible for climate change and global warming. The six gases listed in Annex A of the Kyoto Protocol are carbon dioxide (CO2), methane (CH4), and nitrous oxide (N20), as well as hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulfur hexafluoride (SF6).
Host Party
country where the project is executed.