Insights
Clear definitions of the sustainability, climate, and ESG terms that matter most — from CBAM and CSRD to SBTi and PCAF. Written by Semtrio's advisory team.
The Carbon Market Board is the inter-ministerial body that governs the Türkiye Emissions Trading System. It takes the key decisions on the emissions cap, allocation plans, market rules and the pilot phase, and is distinct from the Directorate of Climate Change, which acts as the executive and technical authority.
Carbon neutrality is a claim that an organisation, product or event has brought its greenhouse gas emissions to net zero over a defined period, typically by purchasing carbon credits equal to the emissions it has measured — with no required reduction trajectory attached.
Carbon offsetting is the act of compensating for emissions an organisation has produced by permanently retiring an equivalent quantity of carbon credits — a use of credits, and distinct from the credit itself.
CORSIA — the Carbon Offsetting and Reduction Scheme for International Aviation — is the ICAO's global market-based measure requiring airlines to monitor their international CO₂ emissions and offset the growth above a defined baseline by buying and cancelling eligible carbon credits.
Carbon pricing is the general name for policy instruments that put a cost on greenhouse gas emissions to incentivise reductions; its two principal forms are emissions trading systems (ETS) and carbon taxes.
Carbon project development is the end-to-end process of designing, validating, implementing and monitoring a project that generates carbon credits.
If you're working through a regulatory framework or sustainability challenge and need clarity on a specific term or concept — our team is here to help directly.
