Glossary

Abbreviation	Name
CAD	Climate Action Data Trust - is a joint initiative of the International Emissions Trading Association, the World Bank and the Singapore Government, along with a variety of governments and public and private organisations. It will provide an open-source metadata system to share information about carbon credits and projects across digital platforms, easing future integration of multiple registry systems. CAD Trust uses distributed ledger technology to create a decentralised record with the aim to avoid double counting, increase trust in carbon data and enhance climate ambition. https://climateactiondata.org/
Carbon credits	A carbon credit is a tool often used to incentivize the avoidance or removal of carbon emissions.
Carbon Emissions	Carbon emissions result from virtually all human and natural activities. For example, even when the best available technologies are used when making cement, paper or steel, inevitably a significant quantity of CO2 is emitted.
Carbon Footprint	The carbon footprint measures greenhouse gas (GHG) emissions.
Carbon Intensity	Carbon Intensity is the measure of how much CO2 and the CO2 equivalent of other greenhouse gases are emitted per unit of production, and it is how organizations can assess the total footprint and impact of their operations.
CORCs	CO2 Removal Certificates
EEIO	Environmental-economic input output model
GHG	Greenhouse Gas emissions
IPCC	Intergovernmental Panel on Climate Change
IETA	International Emissions Trading Association
LULUCF	The LULUCF (Land Use, Land Use Change and Forestry) sector is used to report the CO2 flows between different terrestrial reservoirs (biomass, soils, etc.) and the atmosphere that take place on the managed surfaces of a territory.
MRV	Measurement, Reporting, and Verification
Paris Agreement	Under the 2015 Paris Agreement, nearly 200 countries have endorsed the global goal of limiting the rise in average temperatures to 2.0 degrees Celsius above preindustrial levels, and ideally 1.5 degrees. Reaching the 1.5-degree target would require that global greenhouse-gas emissions are cut by 50 percent of current levels by 2030 and reduced to net zero by 2050.
PoS	Proof of Stake -a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain. A consensus mechanism is a method for validating entries into a distributed database and keeping the database secure.
RECs	Renewable Energy Certificate
ReFi	Regenerative Finance
SBTi	Science Based Targets initiative
VCS	Verifiable Carbon Standard - by Verra