EU-ETS and Kyoto Protocol mechanisms
deal simultaneously with different commodities and different
vintages (reference years).
- European Union Allowances (EUA): materialization
of the EU ETS quotas, the tradable unit under the EU ETS.
One EUA represents the right to emit 1 ton of CO2.
- Certified Emission Reductions (CERs):
CERs are issued for emission reductions from CDM project
activities. A Kyoto Protocol unit equal to 1 metric ton
of CO2 equivalent.
- Emission Reduction Units (ERUs): unit
of emission reductions achieved through a Joint Implementation
project. This unit is equal to one metric ton of carbon
dioxide equivalent.
- A VER represents a unit of greenhouse
gas emission reduction that has been verified by an independent
third party, but that has not yet undergone the procedures
and may not have met yet the requirements for verification,
certification and issuance of CERs (in the case of the CDM)
or ERUs (in the case of JI) under the Kyoto Protocol. Therefore
VERs are carbon credits which are not certified under the
Kyoto Protocol but which can be used to compensate carbon
emissions. 1 VER corresponds to one metric ton of CO2 equivalent.
The eCO2care VER
Registry gives access to the projects verified regarding GHG
emissions reduction and, in particular, provides the amount
of not-emitted or fixed CO2, concerning the accounting and
the registration of VER credits.
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