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Carbon & GHG Glossary

All   A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Emissions Trading

an administrative and financial approach used to control emissions by providing economic incentives for achieving reductions in emissions. See also cap and trade.

Emissions Trading Scheme (ETS) (ETS)

See Emissions Trading

EOR – Enhanced Oil Recovery (EOR)

the process of using CCS to increase the output of oil reserves.


United States Environmental Protection Agency – a federal agency of the United States created in 1970 to protect human health and to safeguard the natural environment – air, water, and land upon which life depends. EPA leads the United States’ environmental science, research, education and assessment efforts.

ERU - Emission Reduction Unit (ERU)

one metric tonne of CO2 equivalent. A common unit of reduction under Joint Implementation.


European Union Emissions Trading Scheme – A trading scheme created and approved by the European Union in 2003 to prepare for the coming mandatory limits on emissions agreed to by the EU under the Kyoto Protocol.

Expiry Date

the specific date during the month prior to a futures contract’s delivery month on which options on the futures expire.

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