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Carbon Sinks Natural or man-made systems that absorb carbon dioxide from the atmosphere and store them. Trees, plants and the oceans all absorb CO2 and, therefore, are carbon sinks. Carbon Tax A tax placed on carbon emissions. It is similar to a BTU tax, except that the tax rate is based on the fuel’s carbon content. CDM Reference Manual The CDM Reference Manual is to be a compendium of information for all interested in participating in CDM projects. There are two main proposals for the Manual. The first is that it should provide detailed guidance on baseline methodologies, monitoring requirements, additionality criteria, approval processes, etc. The second is that it only lists decisions made by the Executive Board. Both proposals see the Reference Manual as a ‘living document’ revised and updated on a regular basis by the Executive Board. Certified Emission Reduction Unit, or CER A CER represents a specified amount of greenhouse gas emissions reduction achieved through a Clean Development Mechanism project. Clean Development Mechanism, or CDM Defined in Article 12 of the Kyoto Protocol, CDM projects undertaken in developing countries are intended to meet two objectives: (1) to address the sustainable development needs of the host country; and (2) to generate emissions credits that can be used to satisfy commitments on Annex 1 Parties and thus increase flexibility in where government Parties meet their reduction commitments. Projects that limit or reduce greenhouse gas emissions can earn the investor (government or industry) credits if approved by the CDM Executive Board. A share of the proceeds from the project activities is to be used to cover administration costs, and to create an adaptation fund which will assist developing countries that are particularly vulnerable to the adverse effects from climate change to take action to adapt. Climate Change (UNFCCC definition) A change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability over comparable time periods. 7PDF Image | Organisations in Different Renewables
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