carbon market definition

carbon market means a voluntary or compliance market place that

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carbon market means any standard recognized by the International Carbon Reduction Offsetting Alliance or the Carbon Offsetting and Reduction Scheme for International Aviation for the development of carbon credits that can be used for carbon offsetting, carbon finance or other purposes, and which shall include, but not be limited to, the “Clean Development Mechanism” or CDM (as defined in Article 12 of the Kyoto Protocol to the United Nations Framework Convention on Climate Change dated 10 December 1997 (as amended from time to time)), the market approaches set out in Article 6 of the international treaty on climate change adopted at the Conference of the Parties in Paris in December 2015 (“the Paris Agreement”) (as amended from time to time), the Verified Carbon Standard developed by Verra (“the Verra Standard”), the standard for climate security and sustainable development developed by the World Wildlife Fund (“the Gold Standard”) and any other project based standard referring to ISO14064-2 or a similar standard that the Executive Committee, in its sole discretion, considers applicable;

carbon market means a mechanism that enables and allows public and private entities to transfer and transact emission reduction units, mitigation outcomes or offsets generated through carbon initiatives, products, programmes and projects subject to compliance of national and international laws;

Examples of carbon market in a sentence

B.3.a/b Non-RPS Applicable Program assets associated with REC Delivery (leave boxes unchecked if none applicable and this is currently a voluntary market transaction, use Annex 2 for additional non-RPS Applicable Program Asset details) Carbon market allocation to specific unit or aggregation program associated aggregation program associated with REC Delivery Official Federal and/or State/Regional approval by for [number] of [offset credits/offset allowances] for the [program] on [date] .
Carbon market offset credit/offset allowance granted to specific unit or aggregation program associated with REC Delivery Official Federal and/or State/Regional approval by for [number] of [offset credits/offset allowances] for the [program] on [date] .
B.3.a/b Non-RPS Applicable Program assets associated with REC Delivery (leave boxes unchecked if none applicable and this is currently a voluntary market transaction, use Annex 2 for additional non-RPS Applicable Program Asset details) Carbon market allocation to specific unit or aggregation program associated with REC Delivery Official Federal and/or State/Regional approval by for [number] of [allowances] for the [program] on [date].
Carbon market dominance under Paragraph 6 of the Paris Agreement (PDF).
Ensure that this Socio-Economic Framework will be acceptable to International Accrediting Entities, International Carbon market.

More Definitions of carbon market

carbon market means a mechanism that enables and

carbon market means a system through, or platform on,

carbon market means a system through, or platform on, which units of carbon dioxide equivalent of greenhouse gases are traded to meet emission reduction targets;