CCP Carbon Markets & Offset Credits Flashcards
6 cards from real CCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CCP Carbon Markets & Offset Credits flashcards as text
What does 'permanence' mean in the context of carbon offset projects?
Answer: The assurance that carbon reductions or removals will persist over the long term without being reversed
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.
What is 'leakage' in carbon offset accounting?
Answer: When a project reduces emissions in one location but causes increased emissions elsewhere
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.
In the California Cap-and-Trade Program, what are 'allowances'?
Answer: Tradable permits, each authorizing the emission of one metric ton of CO2 equivalent
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.
What is the primary purpose of a carbon registry such as Verra, Gold Standard, or ACR?
Answer: To track, verify, and issue carbon credits while preventing double-counting
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.
Which term describes the practice of claiming credit for carbon reductions that have already been sold or credited elsewhere?
Answer: Double counting
Double counting occurs when the same emission reduction or removal is claimed by more than one party, undermining the environmental integrity of carbon markets.
What is the 'social cost of carbon' (SCC) used for in U.S. climate and environmental policy?
Answer: To estimate the economic damages caused by emitting one additional metric ton of CO2 into the atmosphere
The social cost of carbon is a monetary estimate of the long-term damages to society from emitting one metric ton of CO2, used by federal agencies to evaluate the benefits of climate regulations under cost-benefit analysis.