Glossary of key terms
Short definitions of the terms used across CR-I documents, from additionality to vintage, based on the CR-I Glossary of Terms.
These short definitions are paraphrased from the official Glossary of Terms, which prevails.
| Term | Meaning |
|---|---|
| Additionality | A project is additional if its outcomes would not have happened without CR-I’s financial incentive and go beyond the baseline scenario. |
| AFOLU | Agriculture, Forestry and Other Land Use: projects in agriculture and land-use sectors, with specific rules. |
| Baseline scenario | The realistic scenario of emissions, or carbon stock changes, that would occur without the project. |
| Buffer Pool | A common account, run by NCCF, holding MCUs contributed by AFOLU projects to cover reversal risk. |
| Cancellation | Permanently removing an MCU from circulation for a purpose other than offsetting. |
| CPA | Component Project Activity: a single measure, or set of related measures, under a Programme of Activities. |
| Crediting period | The period in which verified reductions or removals can earn MCUs. |
| Delegate Entity (DE) | The entity authorised by the IPPs to coordinate a project and communicate with NCCF and VVBs. |
| DPD | Detailed Project Document: the IPP’s description of the project’s design, implementation and monitoring. |
| ESC | Extended Stakeholder Consultation: online public consultation on the CR-I website. |
| External Project (EP) | A project registered, or seeking registration, with another GHG programme as well. |
| IMD | Independent Methodology Developer. |
| IPP | Independent Project Proponent. |
| Issuance | The release of MCUs after successful verification and certification. |
| Leakage | Increased emissions, or reduced removals, outside the project boundary caused by the project. |
| LSC | Local Stakeholder Consultation, including at least one physical meeting. |
| Materiality | The concept used to find errors, omissions or misrepresentations that could significantly affect the claimed result. |
| MBP | Minimum Buffer Percentage: the minimum share of MCUs an AFOLU project deposits in the Buffer Pool. |
| MCU | Marketable Carbon Unit: one verified and certified tonne of CO2e. |
| Monitoring Report (MR) | The IPP’s report of results for a monitoring period. |
| PDC | Permanent Design Change to a registered project. |
| PoA | Programme of Activities: a coordinated action delivered through multiple CPAs. |
| PRN | Project Reference Number: the unique number of each listed project. |
| RCP | Renewal of Crediting Period. |
| RfI / RfR | Request for Issuance / Request for Registration, submitted by the VVB. |
| Retirement | Permanently withdrawing an MCU from circulation to claim the offset. |
| SCR | Stakeholder Consultation Report. |
| TO | Transactional Organisation: an entity whose sole purpose is trading MCUs. |
| Validation | A VVB’s independent evaluation of a project’s design. |
| Verification | A VVB’s independent evaluation of a project’s implementation and monitoring. |
| Vintage | The year in which the reductions or removals occurred. |
| VaR / VeR | Validation Report / Verification Report. |
| VVB | Validation and Verification Body. |
