The 26th Conference of the Parties (COP26) was held in Glasgow, Scotland in November of 2021.
Carbon avoidance projects contribute to climate action by preventing carbon that would have otherwise been released into the atmosphere.
A carbon credit is a tradable certificate or unit representing the reduction of one tonne of carbon dioxide equivalent (tCO2e) from the atmosphere.
Carbon neutrality is a state of net-zero carbon dioxide emissions.
Carbon offsetting refers to the act of using carbon credits to make a claim for offsetting some of the greenhouse gas emissions generated by a company or individual.
Carbon dioxide removal (CDR) is a process in which carbon dioxide is proactively removed from the atmosphere and sequestered for long periods of time.
The Claims Code of Practice is a rulebook from the Voluntary Carbon Markets Integrity Initiative (VCMI) on how companies can make use of carbon credits as part of their net zero and decarbonisation plans and then make credible claims about their actions.
Climate positive, also known as carbon negative, means that an organisation is actively removing existing carbon from the atmosphere.
The Core Carbon Principles are ten science-based principles developed in 2023 by the Integrity Council for the Voluntary Carbon Market (IC-VCM) to identify and label high-quality carbon credits that create real and verifiable climate impact.
A corresponding adjustment is a mechanism to avoid double counting when countries trade carbon credits between each other under Article 6 of the Paris Agreement.