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.

The directly elected legislative body of the European Union, representing EU citizens and participating in the legislative process alongside the Council of the European Union.

A way in which the price of an asset, good, or service is freely determined by the forces of demand and supply. (Market mechanisms are more complex than taxes, harder to implement and control, but they are also much more efficient, sector agnostic, and fair.)