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The Carbon Trust was developed and launched in the UK over 1999-2001 as part of the development of the Climate Change Levy (CCL), a tax on business energy use that still operates today. The Carbon Trust was originally funded by around £50m of UK tax revenue generated from the Levy to help businesses reduce energy costs and therefore offset the additional cost of paying the CCL. The establishment of the Carbon Trust was announced in the 2000 UK White Paper "Climate Change - the UK Programme". It was launched alongside the introduction of the CCL in March–April 2001.
Climate change mitigation is action to limit climate change. This action either reduces emissions of greenhouse gases or removes those gases from the atmosphere. The recent rise in global temperature is mostly due to emissions from burning fossil fuels such as coal, oil, and natural gas. There are various ways that mitigation can reduce emissions. These are transitioning to sustainable energy sources, conserving energy, and increasing efficiency. It is possible to remove carbon dioxide from the atmosphere. This can be done by enlarging forests, restoring wetlands and using other natural and technical processes. The name for these processes is carbon sequestration. Governments and companies have pledged to reduce emissions to prevent dangerous climate change. These pledges are in line with international negotiations to limit warming.
The Clean Development Mechanism (CDM) is a United Nations-run carbon offset scheme allowing countries to fund greenhouse gas emissions-reducing projects in other countries and claim the saved emissions as part of their own efforts to meet international emissions targets. It is one of the three Flexible Mechanisms defined in the Kyoto Protocol. The CDM, defined in Article 12 of the Protocol, was intended to meet two objectives: (1) to assist non-Annex I countries achieve sustainable development and reduce their carbon footprints; and (2) to assist Annex I countries in achieving compliance with their emissions reduction commitments.
A carbon footprint (or greenhouse gas footprint) is a calculated value or index that makes it possible to compare the total amount of greenhouse gases that an activity, product, company or country adds to the atmosphere. Carbon footprints are usually reported in tonnes of emissions (CO2-equivalent) per unit of comparison. Such units can be for example tonnes CO2-eq per year, per kilogram of protein for consumption, per kilometer travelled, per piece of clothing and so forth. A product's carbon footprint includes the emissions for the entire life cycle. These run from the production along the supply chain to its final consumption and disposal. Similarly an organization's carbon footprint includes the direct as well as the indirect emissions that it causes. The Greenhouse Gas Protocol that is used for carbon accounting of organizations calls these Scope 1, 2 and 3 emissions. There are several methodologies and online tools to calculate the carbon footprint. They depend on whether the focus is on a country, organization, product or individual person. For example, the carbon footprint of a product could help consumers decide which product to buy if they want to be climate aware. For climate change mitigation activities, the carbon footprint can help distinguish those economic activities with a high footprint from those with a low footprint. So the carbon footprint concept allows everyone to make comparisons between the climate impacts of individuals, products, companies and countries. It also helps people devise strategies and priorities for reducing the carbon footprint.
Carbon offsetting is a trading mechanism that allows entities such as governments, individuals, or businesses to compensate for (i.e. “offset”) their greenhouse gas emissions by supporting projects that reduce, avoid, or remove emissions elsewhere. A carbon credit or offset credit is a transferable financial instrument, that is a derivative of an underlying commodity. It can be bought or sold after certification by a government or independent certification body. When an entity invests in a carbon offsetting program, it receives carbon credits, i.e "tokens" used to account for net climate benefits from one entity to another. One carbon offset or credit represents a reduction, avoidance or removal of one tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e). Offset projects that take place in the future can be considered to be a type of promissory note: The purchaser of the offset credit pays carbon market rates for the credits and in turn receives a promise that the purchaser's greenhouse emissions generated in the present (e.g. a roundtrip flight to London) will be offset by elimination of an equal amount at some point in the future (e.g. 10 to 20 years for planting 110 seedlings). Offsets that were generated in the past are credible only if they were in addition to reductions that would have happened anyway.
The European Union Emissions Trading System is a carbon emission trading scheme which began in 2005 and is intended to lower greenhouse gas emissions by the European Union countries. Cap and trade schemes limit emissions of specified pollutants over an area and allow companies to trade emissions rights within that area. The EU ETS covers around 45% of the EUs greenhouse gas emissions.
Flexible mechanisms, also sometimes known as Flexibility Mechanisms or Kyoto Mechanisms, refers to emissions trading, the Clean Development Mechanism and Joint Implementation. These are mechanisms defined under the Kyoto Protocol intended to lower the overall costs of achieving its emissions targets. These mechanisms enable Parties to achieve emission reductions or to remove carbon from the atmosphere cost-effectively in other countries. While the cost of limiting emissions varies considerably from region to region, the benefit for the atmosphere is in principle the same, wherever the action is taken.
Carbon accounting is a framework of methods to measure and track how much greenhouse gas (GHG) an organization emits. It can also be used to track projects or actions to reduce emissions in sectors such as forestry or renewable energy. Corporations, cities and other groups use these techniques to help limit climate change. Organizations will often set an emissions baseline, create targets for reducing emissions, and track progress towards them. The accounting methods enable them to do this in a more consistent and transparent manner.
Greenhouse gas inventories are emission inventories of greenhouse gas emissions that are developed for a variety of reasons. Scientists use inventories of natural and anthropogenic (human-caused) emissions as tools when developing atmospheric models. Policy makers use inventories to develop strategies and policies for emissions reductions and to track the progress of those policies.
The Climate Registry (TCR) is a non-profit organization governed by U.S. states and Canadian provinces and territories. TCR designs and operates voluntary and compliance greenhouse gas (GHG) reporting programs globally, and assists organizations in measuring, reporting and verifying the carbon in their operations in order to manage and reduce it. TCR also consults with governments nationally and internationally on all aspects of GHG measurement, reporting, and verification.
The carboNZero programme and CEMARS programme are the world’s first internationally accredited greenhouse gas (GHG) certification schemes under ISO 14065. They provide tools for organisations, products, services and events to measure and reduce their greenhouse gas emissions, and optionally offset it. The programmes are owned and operated by Toitū Envirocare - Enviro-Mark Solutions Limited, a wholly owned subsidiary of Landcare Research.
Carbon emission trading (also called emission trading scheme (ETS) or cap and trade) is a type of emission trading scheme designed for carbon dioxide (CO2) and other greenhouse gases (GHG). It is a form of carbon pricing. Its purpose is to limit climate change by creating a market with limited allowances for emissions. This can lower competitiveness of fossil fuels and accelerate investments into low carbon sources of energy such as wind power and photovoltaics. Fossil fuels are the main driver for climate change. They account for 89% of all CO2 emissions and 68% of all GHG emissions.
This is a list of climate change topics.
Carbon dioxide removal (CDR), also known as carbon removal, greenhouse gas removal (GGR) or negative emissions, is a process in which carbon dioxide gas is removed from the atmosphere by deliberate human activities and durably stored in geological, terrestrial, or ocean reservoirs, or in products. In the context of net zero greenhouse gas emissions targets, CDR is increasingly integrated into climate policy, as an element of climate change mitigation strategies. Achieving net zero emissions will require both deep cuts in emissions and the use of CDR, but CDR is not a current climate solution. In the future, CDR may be able to counterbalance emissions that are technically difficult to eliminate, such as some agricultural and industrial emissions.
The ISO 14064 standard is the core part of the ISO 14060 family of standards that are part of the ISO 14000 series of international standards by the International Organization for Standardization (ISO) for environmental management. The ISO 14064 standards provides governments, businesses, regions and other organisations with a complementary set of tools for programs to quantify, monitor, report and verify greenhouse gas emissions. The ISO 14064 standards supports organisations to participate in both regulated and voluntary programs such as emissions trading schemes and public reporting using a globally recognised standard.
The Climate, Community & Biodiversity Alliance (CCBA) is a partnership consisting of Conservation International, CARE, The Nature Conservancy, Rainforest Alliance, and the Wildlife Conservation Society that is primarily active in the field of land management activities.
Pedro Moura Costa is an entrepreneur involved in environmental finance with a focus on the international efforts for greenhouse gas (GHG) emission reductions. Of particular relevance, he was the founder and President of EcoSecurities Group Plc., one of the leading project developers for the international carbon markets, and has written widely about the policy and science of climate change mitigation, including contributions to the Intergovernmental Panel on Climate Change (IPCC) reports.
The Verified Carbon Standard (VCS), formerly the Voluntary Carbon Standard, is a standard for certifying carbon credits to offset emissions. VCS is administered by Verra, a 501(c)(3) organization.
The amount of greenhouse gas emissions from agriculture is significant: The agriculture, forestry and land use sector contribute between 13% and 21% of global greenhouse gas emissions. Agriculture contributes towards climate change through direct greenhouse gas emissions and by the conversion of non-agricultural land such as forests into agricultural land. Emissions of nitrous oxide and methane make up over half of total greenhouse gas emission from agriculture. Animal husbandry is a major source of greenhouse gas emissions.
Global Carbon Council (GCC), formerly known as Global Carbon Trust (GCT), is MENA region's first voluntary carbon offsetting program. It facilitates global stakeholders in implementing climate actions through provision of voluntary carbon offsetting program.
References
- ↑ "Woodland Carbon Code". Scottish Forestry. Retrieved 16 Nov 2022.
- ↑ "First accreditations for carbon-capturing woodland creation projects announced". UKAS. Retrieved 31 May 2013.
- ↑ "UK launches Woodland Carbon Code". BBC. 28 July 2011. Retrieved 31 May 2013.
- ↑ "Woodland Carbon Code group validation scheme opens to all". Forestry Commission. Retrieved 9 December 2013.
- ↑ "Woodland carbon code launched on Markit". The Environmentalist. Retrieved 9 December 2013.
- ↑ "UK Environmental Reporting Guidance". 29 March 2019.
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