carbon markets
Pollution permit exchanges
Carbon markets are systems where permits to emit carbon dioxide are bought and sold.
Governments cap total emissions and issue tradable allowances; companies that pollute less can sell their unused permits to heavier emitters.
The theory is that market forces will drive emissions down more efficiently than regulation alone.
The European Union operates the world's largest carbon market.
Market-based pollution control
- allowancesPermitted amounts or stipends
- permitsGrants formal authorization
- quotasMandated numerical limits
- cap and tradeLimits plus tradable allowances
auction · allocation · spot price · futures · exchanges · brokers · clearinghouse · liquidity
Counteracts to balance
- certificatesOfficial proof documents
- registryOfficial record of entries
- issuanceOfficial release or distribution
- retirementLeaving the workforce permanently
vintage · permanence · leakage · double counting · serialization · gold standard
Lowering climate-warming emissions
- decarbonizationEliminating fossil fuel emissions
- mitigationReduction of severity
- Paris AgreementGlobal warming limitation accord
- Kyoto ProtocolMultinational emissions reduction treaty
Adhering to requirements
- baselineStandard for comparison
- benchmarkingMeasuring against top performers
- monitoringOngoing observation of something
- reportingConveying documented information
verification · enforcement · penalties · inventory · auctioning · accreditation
Managing wooded land
- afforestationIntroducing woods to treeless land
- reforestationReplanting depleted woodlands
- cookstovesAppliances for preparing meals
- landfill gasEmissions from decomposing refuse
emissions trading
Market-based pollution control
- allowancesPermitted amounts or stipends
- permitsGrants formal authorization
- quotasMandated numerical limits
cap and trade · auction · allocation · spot price · futures · exchanges · brokers · clearinghouse · liquidity · volatility
offsets
Counteracts to balance
- certificatesOfficial proof documents
- registryOfficial record of entries
- issuanceOfficial release or distribution
retirement · vintage · permanence · leakage · double counting · serialization · gold standard
greenhouse gas reduction
Lowering climate-warming emissions
- decarbonizationEliminating fossil fuel emissions
- mitigationReduction of severity
- Paris AgreementGlobal warming limitation accord
Kyoto Protocol · net zero · climate policy · methane · nitrous oxide
compliance
Adhering to requirements
- baselineStandard for comparison
- benchmarkingMeasuring against top performers
- monitoringOngoing observation of something
reporting · verification · enforcement · penalties · inventory · auctioning · accreditation
forestry
Managing wooded land
- afforestationIntroducing woods to treeless land
- reforestationReplanting depleted woodlands
- cookstovesAppliances for preparing meals
landfill gas · renewable energy projects · energy efficiency · biochar
bilateral agreements
Contracts between two nations
- climate policyemissions standards, emissions trading, cap and trade, net zero, climate treaty
- Carbon ManagementCCS, CDR, biochar, sequestration, reforestation
- carbon tradingemissions trading, cap-and-trade, credits, offsets, allowances
- green incentivesenergy rebates, tax incentives, emissions trading, net metering, cap and trade
- green businesssustainable business, corporate responsibility, ESG, CSR, green initiative
carbon marketsperformance standards
Criteria defining acceptable work
emissions standards · emission standards · carbon tax · prohibition · centralized planning
carbon, market, markets, carbons, carbonate, carbonates, carbonated, carbonation, carbonic