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Banking
Use of the Kyoto Protocol units (AAUs, CERs, ERUs) from the first commitment period (2008-2012) in subsequent commitment periods (after 2012). These may also be mentioned within the EU ETS context, referring to the application of EU ETS (EUAs) emission allowances in subsequent commitment periods.
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Baseline and Baseline Scenario
The baseline represents forecasts emissions under a business-as-usual (BAU) scenario, often referred to as the "baseline scenario", i.e. expected emissions in the emission reduction activities were not implemented.