What does emission reduction mean?

The emission reduction unit (ERU) is an emissions unit issued under a Joint Implementation project in terms of the Kyoto Protocol. An ERU represents a reduction of greenhouse gases under the Joint Implementation mechanism, where it represents one tonne of CO 2 equivalent reduced.

What are certified emission reduction units?

Certified Emission Reductions (CERs) are a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE (Designated Operational Entity) under the rules of the Kyoto Protocol.

How does Certified Emission Reduction Work?

A Certified Emissions Reduction, also known as CER, is a certificate issued by the United Nations to member nations for preventing one tonne of carbon dioxide emissions. These are usually issued to member states for projects achieving greenhouse gas reductions through the use of Clean Development Mechanisms (CDM).

What is CDM in climate change?

The Clean Development Mechanism. The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission-reduction project in developing countries.

Why is emissions reduction Important?

Because air pollution and greenhouse gases are often released from the same sources, cutting greenhouse gas emissions in an effort to slow climate change also reduces air pollutants, such as fine particulate matter (PM2.5). Reducing these co-emitted air pollutants improves air quality and benefits human health.

Can certified emission reductions be traded?

Certified emission reductions can be traded in the national and international markets that have committed to reduce their carbon footprint. It has the potential of being effective in carbon sequestration, thus, helping in countering the emission of greenhouse gases, global warming, and climate change.

What does cap and trade mean?

Cap and trade reduces emissions, such as those from power plants, by setting a limit on pollution and creating a market. Cap and trade reduces emissions, such as those from power plants, by setting a limit on pollution and creating a market. It’s a system designed to reduce pollution in our atmosphere.

Who can buy CDM credits?

As the largest regulatory project-based mechanism, the CDM offers the public and private sector in high-income nations the opportunity to purchase carbon credits from offset projects in low or middle-income nations (non-Annex 1).

What are the three Kyoto Protocol mechanisms?

To help countries meet their emission targets, and to encourage the private sector and developing countries to contribute to emission reduction efforts, negotiators of the Protocol included three market-based mechanisms – emissions trading, the clean development mechanism and joint implementation.

What are the benefits of reducing carbon emissions?

Clearer Air & Skies – reducing our carbon emissions helps reverse the impact of global warming overall, but more specifically, benefits the overall air quality. Plus, it makes for clearer skies! 2. Save Money – the simple reduction of energy shrinks your carbon footprint and operating expenses.