greenhouse gas project

A greenhouse gas project is a managed initiative to reduce the emission of greenhouse gases from specified activities for the purpose of creating recognized emission reductions.

To prove that the project will result in real, permanent, verifiable reductions in greenhouse gases, proof must be provided in the form of a project design document and activity reports validated and verified by an approved third party. (Adapted from Wikipedia article on ‘Carbon Project’.) Carbon projects may be developed for use as compliance instruments in the cap-and-trade programs operating in California, Quebec, and Europe, or for trading in the voluntary market.