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.
Climate positive, also known as carbon negative, means that an organisation is actively removing existing carbon from the atmosphere.
A greenhouse gas (GHG) is a gas that traps heat in the atmosphere.
Net zero emissions are achieved when all emissions of greenhouse gases to the atmosphere, caused by all human activity, are balanced by the same amount removed from the atmosphere over a specified period.
The Paris Agreement is an international treaty on climate change that was signed in 2015.
In order to take climate action and become carbon neutral or reach net zero, a company needs to categorise and measure their greenhouse gas emissions.
In 2015 the Financial Stability Board created a body called the Task Force on Climate-related Financial Disclosures (TCFD).
The voluntary carbon markets allow companies that are not regulated under any of the compliance markets to buy and sell carbon credits.