Removal Units
Encyclopedia
A Removal Unit is a tradable carbon credit
or 'Kyoto unit' representing an allowance to emit one metric tonne of greenhouse gases absorbed by a removal or Carbon sink activity in an Annex I country.
Removal Units are generated and issued by Kyoto Protocol
Annex I Parties for carbon absorption by land use, land-use change and forestry (LULUCF) activities such as reforestation.
, Annex I Parties can recognise the biosequestration
, the removal of carbon dioxide from the atmosphere by Carbon sinks, created by direct human-induced afforestation, reforestation and deforestation since 1990, in determining whether they have met their emission reduction commitments under the Protocol. When sinks have resulted in the net removal of greenhouse gases from the atmosphere, Annex I Parties can issue removal units (RMUs).
Carbon credit
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the mass of another greenhouse gas with a carbon dioxide equivalent equivalent to one tonne of carbon dioxide....
or 'Kyoto unit' representing an allowance to emit one metric tonne of greenhouse gases absorbed by a removal or Carbon sink activity in an Annex I country.
Removal Units are generated and issued by Kyoto Protocol
Kyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
Annex I Parties for carbon absorption by land use, land-use change and forestry (LULUCF) activities such as reforestation.
Application
Under Article 3.3 of the Kyoto ProtocolKyoto Protocol
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
, Annex I Parties can recognise the biosequestration
Biosequestration
Biosequestration is the capture and storage of the atmospheric greenhouse gas carbon dioxide by biological processes.This may be by increased photosynthesis ; by enhanced soil carbon trapping in agriculture; or by the use of algal bio sequestration to absorb the carbon...
, the removal of carbon dioxide from the atmosphere by Carbon sinks, created by direct human-induced afforestation, reforestation and deforestation since 1990, in determining whether they have met their emission reduction commitments under the Protocol. When sinks have resulted in the net removal of greenhouse gases from the atmosphere, Annex I Parties can issue removal units (RMUs).
See also
- Kyoto ProtocolKyoto ProtocolThe Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change , aimed at fighting global warming...
- Emissions tradingEmissions tradingEmissions trading is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants....
- Flexible mechanismsFlexible MechanismsFlexible mechanisms, also sometimes known as Flexibility Mechanisms or Kyoto Mechanisms), refers to Emissions Trading, the Clean Development Mechanism and Joint Implementation. These are mechanisms defined under the Kyoto Protocol intended to lower the overall costs of achieving its emissions targets...
- Assigned amount unitsAssigned amount unitsAn Assigned Amount Unit is a tradable 'Kyoto unit' or 'carbon credit' representing an allowance to emit greenhouse gases comprising one metric tonne of carbon dioxide equivalents calculated using their Global Warming Potential....
- Certified Emission ReductionCertified Emission ReductionCertified Emission Reductions are a type of emissions unit issued by the Clean Development Mechanism Executive Board for emission reductions achieved by CDM projects and verified by a DOE under the rules of the Kyoto Protocol...
- Emission Reduction UnitEmission Reduction UnitThe Emission reduction unit is a trading unit under the Kyoto Protocol representing a reduction of greenhouse gases under the Joint Implementation mechanism, where it represents one tonne of equivalent reduced....