Unlocking Climate and Technology Concepts

Blockchain Technology: a decentralized digital ledger technology that ensures secure and transparent recording of transactions across multiple computers. Operates as a distributed ledger technology (DLT), facilitating permanent, immutable, and transparent recording of data and transactions through a cryptographically secure digital database. These transactions are stored on either a public or private network.

Digital Measuring, Reporting, and Verification (DMRV): The use of digital technologies to measure, report, and verify greenhouse gas emissions and emission reduction activities.

Internet of Things (IoT): A network of interconnected devices that can collect and exchange data, enabling real-time monitoring and control of physical objects.

Web3: The next evolution of the internet, characterized by decentralized protocols, peer-to-peer interactions, and user-controlled data.

Regenerative Finance (ReFi): Financial practices and investments aimed at promoting environmental regeneration and sustainability.

Greenhouse Gas (GHG) Emissions: Gasses that trap heat in the atmosphere, contributing to the greenhouse effect and climate change. Common greenhouse gasses include carbon dioxide, methane, and nitrous oxide.

Decarbonization: The process of reducing or eliminating carbon dioxide emissions from various sectors, such as energy, transportation, and industry.

Net Zero: A state where the amount of greenhouse gasses emitted into the atmosphere is balanced by the amount removed, resulting in no net increase in emissions.

Climate Finance: Financial investments and mechanisms aimed at supporting climate change mitigation and adaptation efforts.

Greenwashing: The practice of making misleading or unsubstantiated claims about the environmental benefits of a product, service, or organization.

Article 6 of the Paris Agreement: allows countries to voluntarily cooperate with each other to achieve emission reduction targets set out in their NDCs. This means that, under Article 6, a country (or countries) will be able to transfer carbon credits earned from the reduction of GHG emissions to help one or more countries meet climate targets.

Carbon Credits: Tradable permits representing the right to emit one tonne of carbon dioxide or its equivalent.

Carbon Offset: The reduction of carbon dioxide or other greenhouse gas emissions in order to compensate for emissions made elsewhere.

Carbon Market: A market where carbon credits are bought and sold, typically to meet emissions reduction targets.

Active Offsetting: An approach to carbon offsetting that involves real-time measurement and reduction of emissions, often using innovative technologies.