Carbon Offset & Credit Markets Flashcards
6 cards from real CCA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Carbon Offset & Credit Markets flashcards as text
Which organization developed the Gold Standard for carbon offset certification?
Answer: WWF and other NGOs
The Gold Standard was developed by WWF and other NGOs to certify carbon offsets that meet high standards for environmental integrity and sustainable development co-benefits.
In US voluntary carbon markets, what does a 'Renewable Energy Certificate (REC)' represent?
Answer: One megawatt-hour of electricity generated from renewable sources
A REC represents the environmental attributes of one megawatt-hour of electricity generated from renewable sources and is distinct from a carbon offset credit.
What is 'vintage year' in the context of carbon credits?
Answer: The year in which the emission reductions occurred
The vintage year indicates when the greenhouse gas reductions associated with a credit actually took place, which can affect market pricing and buyer preferences.
Which of the following best describes the role of a third-party verifier in carbon markets?
Answer: Independently confirming that a project's reported reductions are accurate and meet standard requirements
Third-party verifiers independently assess whether a carbon project's emission reductions are real, measurable, and in compliance with the applicable standard's methodology.
What is 'co-benefit' in the context of carbon offset projects?
Answer: A positive social or environmental impact beyond the GHG reduction itself
Co-benefits are secondary positive outcomes of a carbon project, such as biodiversity conservation, local job creation, or improved air quality, beyond the primary GHG reduction.
Under the Article 6 of the Paris Agreement, what are 'Internationally Transferred Mitigation Outcomes (ITMOs)'?
Answer: Emission reductions that can be transferred between countries to meet their NDCs
ITMOs are emission reductions or removals that one country transfers to another country under Article 6.2 of the Paris Agreement to count toward their Nationally Determined Contributions (NDCs).