Afforestation and reforestation projects establish forest on land that has not been forested for a period of at least SO years or on non-forested land through planting, seeding and/or the promotion of natural seed sources. Assigned amount and assigned amount units.
Assigned amount and assigned amount units
The assigned amount is the total volume of greenhouse gases that each industrialised country is allowed to emit during the first commitment period of the Kyoto Protocol. An assigned amount unit (AAU) is a tradable unit of one tonne of carbon dioxide equivalent.
Baseline and baseline scenario
The baseline represents forecasted emissions under a business-as-usual scenario, often referred to as the 'baseline scenario,' ie, expected emissions if the reduction activities were not implemented.
Cap-and-trade
A cap-and-trade system is an emissions trading system that provides a financial incentive for reducing emissions by setting a cap on total emissions. To cover their emissions cap, emitters are assigned allowances, which can be traded.
Certified emission reductions (CERs)
CERs are carbon credits generated by clean developmentmechanism projects.
Clean development mechanism (CDM)
The CDM is a mechanism for project-based emission reduction activities in developing countries. Credits are generated through the CDM from projects that lead to emission reductions that would otherwise not occur.
