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Glossary

TermDescription
Project ProponentThe entity responsible for developing, operating, and claiming emission reductions from a carbon project.
Project Design Document (PDD)A technical document defining the project boundary, methodology, baseline, monitoring plan, and expected emission reductions.
Carbon RegistryA digital system that records the issuance, ownership, transfer, and retirement of carbon credits to prevent double counting.
Asia Carbon Institute (ACI)An independent research and advisory organization supporting the development, assessment, and advancement of credible carbon methodologies, standards, and market infrastructure.
Validation and Verification Body (VVB)An independent, accredited organization that validates project design and verifies reported emission reductions.
Monitoring, Reporting and Verification (MRV)The process of measuring emissions, reporting results, and independently verifying accuracy and compliance.
Digital MRV (DMRV)An MRV system that uses digital technologies to automate data collection, improve accuracy, and enhance traceability.
Anomaly Detection EngineAn AI‑based component that identifies abnormal or inconsistent patterns in emissions and operational data.
Carbon CreditA tradable unit representing one tonne of verified carbon dioxide equivalent (tCO₂e) reduction or removal.
IssuanceThe creation and registration of carbon credits following successful verification.
RetirementThe permanent cancellation of carbon credits to indicate final use and prevent further transfer.
MethodologyAn approved set of rules for quantifying emission reductions for a specific project type or technology.
TraceabilityThe ability to track carbon credits and underlying data throughout the full project and credit lifecycle.