UNFCCC, Paris Agreement, Article 6, multiple provisions.
The IPCC states, "Climate change mitigation refers to actions or activities that limit emissions of greenhouse gases (GHGs) from entering the atmosphere and/or reduce their levels in the atmosphere." M.
Grubb et al., "Introduction and Framing," in IPCC, Climate Change 2022: Mitigation of Climate Change-Contribution of Working Group III
to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, ed.
P. R. Shukla et al. UNFCCC, Paris Agreement, Article 6.2,
6.4. Emission reduction credits allow the transfer of the outcomes of climate mitigation activities
from one party to another. An Emission Reduction Credit (ERC)
represents a standard unit to measure an emission reduction equivalent to one metric ton of carbon dioxide.
Emission reductions credits can be generated through either avoidance or removal
projects. Removals refer to activities that pull carbon dioxide out of the atmosphere such
as GHG sequestration via reforestation or climate smart agriculture.
UNFCCC, Paris Agreement, Article 6.4 (b). IPCC, "Summary for Policymakers" in Climate Change 2022:
Impacts, Adaptation and Vulnerability-Contribution of Working Group II to the
Sixth Assessment Report of the Intergovernmental
Panel on Climate Change, ed. |