Emissions reduction targets established by the Kyoto Protocol, whereby every Annex I/B country that has ratified the Protocol should reduce its national greenhouse gas emissions by 5.2 percent below the 1990 baseline level during the first commitment period.
Date when the Local Stakeholder Consultation Report is submitted to the Gold Standard Foundation under the Regular Project Cycle, or when the Pre-Feasibility Assessment Report is submitted under the Retroactive Project Cycle.
Costs involved in generating carbon credits for market sale.
These costs include preparation of the project design document and supporting documentation, monitoring of project performance, DOE fees, registration and certification fees, and adaptation fund levy for CDM projects. Transaction costs for Gold Standard projects are somewhat higher than for normal CDM projects, but these costs are more than compensated by the higher prices that Gold Standard carbon credits typically fetch in carbon offset markets.