Abbreviations: Guidance for Countries in Assessing ERC Projects

Guidance for Countries in Assessing ERC Projects

Abbreviations

Through the establishment of an Emission Reduction Program (ERP), the World Bank aims to help developing countries to engage strategically with evolving global ERC markets, support efforts to generate ERCs to sell into these global markets, and mobilize finance for such transactions. Find more on this page, or through the link below.

DOWNLOAD FULL REPORT
Download Chatbot View
Photo Credit:  Image by Pixabay
Abbreviations, CO2 icon block

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 Guidance for Countries in Assessing ERC Projects.

 ACR American Carbon Registry
 AFOLU Agriculture, Forestry and Other Land Uses
 ALM Agricultural land management
 AML Anti-money laundering
 ARR Afforestation, reforestation, and regeneration
 API Open application programming interface
 BECCS Bioenergy with carbon capture and storage
 BS Benefits sharing
 CA Corresponding adjustments
 CAR Climate Action Reserve
 CCB Climate, Community, and Biodiversity
 CCUS Carbon capture, utilization and storage
 CDM Clean Development Mechanism
 CFT Combating the financing of terrorism
 DAC Direct air capture
 EAP East Asia Pacific
 EIA Environmental impact assessment
 ERC Emissions reduction credits
 ERF Emission Reduction Fund [Australia]
 ERP Emission reduction program
 FPIC Free, Prior and Informed Consent
 GHG Greenhouse gas emissions
 GMO Genetically modified organisms
 GS Gold Standard
 GtCO2e Gigatonnes of CO2 equivalent
 HCV High conservation value
 ICOA International Civic Aviation Organization
 ICROA International Carbon Offsetting Alliance
 ICVCM Integrity Council for the Integrity of the Voluntary Carbon Market
 ITMO Internationally Transferred Mitigation Outcomes
 IFM Improved forest management
 ISO International Organization for Standardization
 IPLC Indigenous peoples and local communities
 KYC Know-your-customer
 LLDC Landlocked Developing Country
 LDC Least Developed Country
 M Million
 MRV Monitoring, reporting, verification
 NDC Nationally determined contributions
 NPV Net present value
 POA Programme of Activities
 REDD+ Reducing Emissions from Deforestation and Forest Degradation
 REDP Vietnam Renewable Energy Development Project
 SBTi Science-based Targets Initiative
 SDG Sustainable Development Goal
 SD-GEO Sustainable Development-Global Emissions Offset
 SIDS Small Island Developing State
 UNDRIP United Nations Declaration on the Rights of Indigenous Peoples
 UNFCCC United Nations Framework Convention on Climate Change
 USD United States Dollar
 VCM Voluntary Carbon Market
 VCS Verified Carbon Standard
 VVB Validation and verification bodies

Related Sections

Emission Reduction Program, Utopian City of Green
Unlocking Global Emission Reduction Credit
Emission Reduction Program, Utopian City of Green
Guidance for Countries in Assessing ERC Projects
Further Guidance for Application, net zero target and carbon creditco2 emission reduction to stop global warming
Contents: Guidance for Countries in Assessing ERC Projects

Research and Publications in PPPRC

BROWSE BY REGION
BROWSE BY SECTOR
BROWSE BY Topic

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.