Glossary

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Terms

Additionality Arbitrage Bubble Cap and Trade Certification	Commitment Period (Designated) National Authority Flexible Mechanisms Grandfathering Leakage	Permit Sink Supplementarity Verification

Abbreviations / Initialisms / Acronyms

A-F	G-Z
AA / AAU - Assigned Amount (Unit) ACX (ACX-Change) - Asia Carbon Exchange AIJ - Activities Implemented Jointly BAU - Business As Usual CCPO - Climate Change Projects Office, UK CCS - Carbon Capture and Storage CDM - Clean Development Mechanism CDM EB - CDM Executive Board CER(U) - Certified Emissions Reduction (Unit) CO2 (CO₂) - Carbon Dioxide CO2e - Carbon Dioxide Equivalent COP - Conference Of (the) Parties DEFRA / 'Defra' - Department for Environment, Food and Rural Affairs, UK DTI - Department of Trade and Industry, UK ECX - European Climate Exchange EEX - European Energy Exchange EIT - Economies In Transistion ERU - Emissions Reduction Unit EtC - Emissions to Cap ETS - Emissions Trading Scheme EU - European Union EUA - European Union Allowance	GHG - Greenhouse Gas G77 - Group of 77 GWP - Global Warming Potential ICE - IntercontinentalExchange IPCC - Intergovernmental Panel on Climate Change JI - Joint Implementation KP - Kyoto Protocol LULUCF - Land Use, Land Use Change and Forestry MAC - Marginal Abatement Cost MoU - Memorandum of Understanding NAP - National Allocation Plan NER - New Entrant Reserve PDD - Product Design Document RCEP - Royal Commission on Environmental Pollution SBI - Subsidary Body for Implementation SBSTA - Subsidary Body for Scientific and Technological Advice tCO2e - Tonne(s) CO2e UKCIP - UK Climate Impacts Programme UN - United Nations UNEP - UN Environment Programme UNFCCC - United Nations Framework Convention on Climate Change WMO - World Meteorological Organization

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