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.

Financial resources allocated to projects, programs, and policies aimed at addressing climate change mitigation and adaptation efforts.

A characteristic of a Voluntary Carbon Markets Credit. The underlying projects could not exist without the funding from the carbon credit. In other words, the projects wouldn’t be viable in their own right, all other things equal (regulations, government funding, other policies…). If credits are awarded to activities that would have happened anyways, the process becomes meaningless.