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Set-aside (JI Reserve)
A set-aside should be established in the National Allocation Plan for the period 2008 to 2012 of each Member State hosting or intending to host activities under the project based mechanisms of the Kyoto Protocol, which could cause double-counting, listing planned project activities and its anticipated reductions or limitations of emissions that take place in installations under EU ETS and for which ERUs or CERs should be issued by the Member State.
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Sinks
Carbon ?sinks? refers to the removal of greenhouse gases (GHGs) from the atmosphere through land management and forestry activities that may be subtracted from a country?s allowable level of emissions.
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Small Scale CDM Projects
There is a simplified process for small scale CDM projects that will generate less emissions reductions. They are defined as: renewable energy projects less than 15 MW, energy efficiency projects that reduce energy consumption by up to 15 GWh per year; or project activities which emit less than 15 Kilo tonnes CO2 equivalents per year.
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Spot Market
A market whose trades deliver and settle immediately (normally two working days after the trade). Also known as cash market and physical market.
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Source stream
A specific fuel type, raw material or product giving rise to emissions of relevant greenhouse gases across one or more emission sources.