The Carbon Allowance Tale - Part 2: Adjustments towards a free market
New mechanisms helped the EU ETS become a more sophisticated scheme, driven by demand and supply.
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Additionality
Additionality
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.
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Understanding in depth
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Understanding in depth
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