It is used in voluntary markets and some regulated systems. Additionality, permanence and avoiding double counting are the key tests of credibility; companies should use credits for residual emissions, not in place of reduction targets.
Source: Paris Anlaşması md. 6, 7552 sayılı İklim Kanunu
Related terms
Net zeroAn organisation reducing its greenhouse gas emissions in line with science-based targets and balancing residual emissions with permanent carbon removals so that its net contribution to the atmosphere is zero.Emissions trading system (ETS)A market-based carbon pricing system in which a cap is placed on the greenhouse gas emissions of certain installations and emission allowances can be traded.GreenwashingMisleading claims and communication that present a company's products, activities or financial instruments as more environmentally sustainable than they really are.Carbon Border Adjustment Mechanism (CBAM)An EU regulation that puts a price on the embedded carbon emissions in the production of certain goods imported into the European Union.Carbon footprintThe total greenhouse gas emissions caused by an organisation, product or activity, expressed in carbon dioxide equivalent (tCO₂e).Circular economyAn economic model aimed at keeping the value of products and materials for as long as possible by reducing waste and by reusing, repairing and recycling.
Last updated: November 8, 2026 · This definition is for general information only.