An emissions reduction achieved by undertaking a greenhouse gas emission reduction project.
(CAEP, ICAO, 2006)
A carbon offset programme aims at mitigating CO2 emissions of one specific source by reducing CO2 emissions from another source.
Carbon offset markets can be mandatory (compliance scheme) as well as voluntary. The flexible mechanisms (Emision Trading, CDM and JI) introduced by the Kyoto Protocol and the EU-ETS are the most well-known compliance schemes to invest in carbon offset projects to obtain emission credits.
For more details on offsetting programmes related to the aviation sector, see also :
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