A tradable good that certifies that a certain amount of GHG emissions was avoided or removed. By buying a carbon credit, a company or individual finances the project reduction or removal project and compensates - or offsets - their own emissions.

An EU policy addressing carbon leakage by imposing tariffs on certain imported goods to ensure they meet similar carbon pricing standards as those within the bloc.

The institution of the European Union where ministers from the member states meet to adopt laws and coordinate policies. It shares legislative and budgetary powers with the European Parliament.