Electrabel - Suez

Glossary

• "Certified Emission Reduction" or "CER" means a unit issued pursuant to Article 12 of the Kyoto Protocol as well as all other relevant International Rules and is equal to one metric tonne of Carbon Dioxide Equivalent, calculated in accordance with the International Rules.
• "Certified Emission Reductions Purchase Agreement" or "CERPA" defines the terms and conditions of the agreement to be entered into for the purchase by the Buyer of issued CERs generated by the Project.
• "Clean Development Mechanism" or "CDM" means the mechanism referred to in Article 12 of the Kyoto Protocol
• "COP/MOP" means the Conference of the Parties to the UNFCCC serving as the Meeting of the Parties to the Kyoto Protocol and "CMP" refers to a decision taken by COP/MOP.
• "Designated National Authority" or "DNA" means a national CDM authority that has been formally designated and registered by a signatory to the UNFCCC with the Secretariat as required by the International Rules.
• "Designated Operational Entity" or "DOE" means a person designated by the COP/MOP, based on the recommendation by the Executive Board, as qualified to Validate proposed CDM project activities or to Verify and Certify GHG Reductions.
• "Directive" means Directive 2003/87/EC of the European Parliament and of the council of 13 October 2003 establishing a scheme for greenhouse gas emissions allowance trading and amending Council Directive 96/61/EC, as amended from time to time.
• "Emission Reductions Purchase Agreement" or "ERPA" defines the terms and conditions of the agreement to be entered into for the purchase by the Buyer of CERs generated by the Project.
• "Emission Reduction Unit" or "ERU" means a unit issued pursuant to Article 6 of the Kyoto Protocol as well as all other relevant International Rules and is equal to one metric tonne of Carbon Dioxide Equivalent, calculated in accordance with the International Rules.
• "EU-ETS" means EU Emissions Trading Scheme established by the Directive.
• "Executive Board" or "EB" means the executive board of the Clean Development Mechanism that is established pursuant to the International Rules and its associated bodies and panels.
• "International Rules" means the UNFCCC, the Kyoto Protocol, any relevant decisions, guidelines, Modalities and procedures made by the COP/MOP and Executive Board, in each case as amended from time to time.
• "Joint Implementation" or "JI" means the mechanism referred to in Article 6 of the Kyoto Protocol
• "Issuance" means the issuance by the CDM registry administrator of a specified quantity of CERs into the pending account of the Executive Board in the CDM registry upon being instructed to do so by the Executive Board, and "Issued" shall be construed accordingly.
• "Kyoto Protocol" means the protocol to the UNFCCC adopted at the Third Conference of the Parties to the UNFCCC in Kyoto, Japan on 11 December 1997 as may be amended from time to time.
• "Project Design Document" or "PDD" means a description of the Project prepared in accordance with the International Rules.
• "Registration" or "Registered" means the formal acceptance by the Executive Board of a Validated Project as a CDM project activity in accordance with the requirements set in out in the International Rules.
• "UNFCCC" means the United Nations Framework Convention on Climate Change adopted in New York on 9 May 1992.
• "Validation" and "Validated" means validation in accordance with the use of the term in the International Rules and refers to the process of independent evaluation of the PDD by a DOE in accordance with the International Rules.