Kyoto Glossary continued:
¥PDD
Project Design Document. The
official application drawn up by an entity applying for project approval under the Clean Development Mechanism (CDM). PDDs must be validated by an independent third party, then
approved and registered by the CDM
Executive Board before a project qualifies as a CER carbon credit earner.
¥
¥tCO2e,
MtCO2e
Tons of
carbon dioxide equivalent, and millions of tons of carbon dioxide equivalent. This is the metric measurement unit for
greenhouse emissions. The global warming impact of
all greenhouse gases is measured in terms of equivalency to the impact of carbon dioxide (CO2). For example, one million tons of emitted methane, a far more potent greenhouse gas than
carbon dioxide, is measured as 23 million tons
of CO2 equivalent, or 23 MtCO2e.
¥VERs
Verified Emission Reductions. Tradable credits for greenhouse emission reduction activities generated to meet voluntary demand for
carbon credits by organizations and individuals
wanting to offset their own emissions.
¥