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Glossary
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.