RECCPEDIA
Initiative & Policy
Initiatives and policies are crucial drivers for turning climate goals into concrete actions. International organizations, governments, and businesses launch initiatives to get attention and foster cooperation across various sectors. Governments also formulate policies and regulations to achieve specific climate and environmental objectives.
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Organization & Initiative
Policy & Regulation
Carbon Market
The carbon market is a system that turns greenhouse gas emissions into a tradable commodity. It uses market mechanisms to create economic incentives for countries and companies to reduce carbon emissions. The scope of the carbon market includes carbon management, carbon pricing, and carbon credits.
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Carbon Management
Carbon management refers to a comprehensive set of strategies and actions undertaken by a company or organization to systematically measure, monitor, report, verify, and reduce its greenhouse gas emissions to achieve its climate goals.
Carbon Pricing
Carbon pricing is a policy tool that assigns a cost to greenhouse gas emissions, making emitters financially accountable for their environmental externalities. This creates an economic incentive to encourage companies and individuals to reduce their emissions.
Carbon Credit
Carbon credits, also known as carbon offsets, represent the right to emit carbon. It includes compliance carbon credits and voluntary carbon credits. Its concept also includes carbon trading and carbon offsets (such as carbon capture and carbon sinks).
New Energy
New energy generally refers to energy sources that have the potential to replace traditional fossil fuels, and whose utilization has a smaller environmental impact or is sustainable. It includes renewable energy and certain emerging energy technologies.
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RE Procurement
