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.
¥