A tradable good that certifies that a certain amount of GHG emissions was avoided or removed. By buying a carbon credit, a company or individual finances the project reduction or removal project and compensates - or offsets - their own emissions.

A characteristic of a Voluntary Carbon Markets Credit. Independent assurances that statements made about offset emission reductions are true and correct.

An EU policy addressing carbon leakage by imposing tariffs on certain imported goods to ensure they meet similar carbon pricing standards as those within the bloc.