Glossary

Advanced Refrigeration Systems

Traditional refrigerants have a high Global Warming Potential (GWP) that can be significantly more harmful to the environment than carbon dioxide. These projects avoid greenhouse gas (GHG) emissions by...

Carbon Credits

Carbon credits are transferable financial instruments that represent one metric ton of carbon dioxide (or other greenhouse gas equivalent) that is reduced/avoided or removed from the atmosphere. Carbon...

Carbon Neutral

In a global context, carbon neutrality occurs when human-generated carbon dioxide (CO2) emissions are offset by equivalent CO2 removals within a defined period. For businesses, achieving carbon neutrality...

Carbon Offsets

While “carbon credits” and “carbon offsets” are sometimes used interchangeably, they have different meanings. Carbon credits can be purchased by organizations to compensate for...

Direct Air Capture (DAC)

Sometimes referred to as a Negative Emissions Technology (NET), DAC employs chemical or physical processes to extract CO2 from the ambient (still) air. The captured CO2 can then be stored deep underground...

Like for Like

The term “like-for-like” refers to balancing emissions sources with carbon sinks (offsets) that match in terms of their warming impact, timescale (duration), and permanence of the carbon storage....