CCP CCP Carbon Markets & Offset Credits 2

Question 1

What does 'permanence' mean in the context of carbon offset projects?

Accepted Answer

The assurance that carbon reductions or removals will persist over the long term without being reversed

Answer

Permanence refers to the long-term durability of carbon sequestration or emission reductions, ensuring that stored carbon is not re-released due to events like wildfires, disease, or land-use changes.

Question 2

What is 'leakage' in carbon offset accounting?

Accepted Answer

When a project reduces emissions in one location but causes increased emissions elsewhere

Answer

Leakage occurs when an offset project displaces emissions rather than eliminating them, such as when protecting one forest causes logging to shift to an unprotected area.

Question 3

In the California Cap-and-Trade Program, what are 'allowances'?

Accepted Answer

Tradable permits, each authorizing the emission of one metric ton of CO2 equivalent

Answer

California cap-and-trade allowances are tradable compliance instruments where each allowance permits covered entities to emit one metric ton of CO2e, and entities must surrender allowances equal to their annual emissions.

Question 4

What is the primary purpose of a carbon registry such as Verra, Gold Standard, or ACR?

Accepted Answer

To track, verify, and issue carbon credits while preventing double-counting

Answer

Carbon registries serve as authoritative databases that record the issuance, transfer, and retirement of verified carbon credits, ensuring each credit is only counted once and providing market transparency.

Question 5

Which term describes the practice of claiming credit for carbon reductions that have already been sold or credited elsewhere?

Accepted Answer

Double counting

Answer

Double counting occurs when the same emission reduction or removal is claimed by more than one party, undermining the environmental integrity of carbon markets.

(CCP) Certified Climate Change Professional Practice Test

(CCP) Certified Climate Change Professional Practice Test

CCP CCP Carbon Markets & Offset Credits 2