Watch this space. Unlocking Global Emission Reduction Credit is intended to be a living document and will be reviewed at regular intervals. Check the page below, or visit Strategic Guidance for Country System Assessments, Guidance for Countries in Assessing ERC Projects, or Mobilizing ERC Finance. Let us know what you think by taking a Quick Survey.
Find a list of helpful terms used in the Mobilizing ERC Finance Section.
| AMC | Advance Market Commitment |
| A6.4ER | Article 6.4 Emissions Reduction |
| CCP | Core Carbon Principles |
| CDM | Clean Development Mechanism |
| CORSIA | Carbon Offsetting and Reduction Scheme for International Aviation |
| DFC | United States Development Finance Corporation |
| DFI | Development finance institution (inclusive of multilateral development banks, national development banks, and other similar institutions) |
| EAP | East Asia Pacific |
| EMDEs | Emerging Markets and Developing Economies |
| ERC | Emissions Reduction Credit |
| ERLB | World Bank Emissions Reduction-linked Bond |
| ERP | World Bank Emissions Reduction Program |
| ERPA | Emissions Reduction Purchase Agreement |
| ETS | Emissions Trading System |
| FDI | Foreign Direct Investment |
| FFA | Forward Flow Agreement |
| FPIC | Free, Prior, and Informed Consent |
| FSF | Foresight Sustainable Forestry |
| GEF | Global Environment Facility |
| GHG | Greenhouse Gas |
| Gt | Gigaton |
| ICVCM | Integrity Council for the Voluntary Carbon Market |
| IETA | International Emissions Trading Association |
| IPLC | Indigenous Peoples and Local Communities |
| IPO | Initial Public Offering |
| IRR | Internal Rate of Return |
| ITMO | Internationally Transferred Mitigation Outcome |
| LCF3 | Livelihoods Carbon Fund 3 |
| LEAF | Lowering Emissions by Accelerating Forest Finance Coalition |
| LSE | London Stock Exchange |
| MDB | Multilateral Development Bank |
| MIGA | Multilateral Investment Guarantee Agency |
| MRV | Monitoring, Reporting, and Verification |
| NAV | Net Asset Value |
| NDC | Nationally Determined Contribution |
| NGO | Nongovernmental Organization |
| OMGE | Overall Mitigation of Global Emissions |
| OTC | Over The Counter (price) |
| PIU | Pending Issuance Unit |
| REDD+ | Reducing emissions from deforestation and degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries |
| ART-TREES | The Architecture for REDD+ Transactions (ART) for The REDD+ Environmental Excellence Standard (TREES) |
| SBTi | Science-based Targets Initiative |
| SDGs | Sustainable Development Goals |
| tCO2e | Tonne(s) of Carbon dioxide equivalent |
| TIST | The International Small Group & Tree Planting Program |
| UNFCCC | United Nations Framework Convention on Climate Change |
| USAID | United States Agency for International Development |
| VCM | Voluntary Carbon Market |
| VCS | Verified Carbon Standard |
| VCU | Verified Carbon Unit |
| WCU | Woodland Carbon Unit |
Research and Publications
This section is intended to be a living document and will be reviewed at regular intervals. The Guidelines have not been prepared with any specific transaction in mind and are meant to serve only as general guidance. It is therefore critical that the Guidelines be reviewed and adapted for specific transactions. Unless expressly stated otherwise, the findings, interpretations, and conclusions expressed in the Materials in this Site are those of the various authors of the Materials and are not necessarily those of The World Bank Group, its member institutions, or their respective Boards of Executive Directors or member countries. For feedback on the content of this section of the website or suggestions for links or materials that could be included, please contact the Public-Private Partnership Resource Center at ppp@worldbank.org.