Renewable Energy Certificates (RECs)
Renewable Energy Certificates (RECs) are certificates that proves the production of electricity originates from Renewable Energy power plants. They are issued by an independent institution or commonly known as the International REC Standard Foundation (I-REC Standard).
Payment of ecosystem services (PES)
Payment of Ecosystem Services programmes allow the translation of services ecosystems provide for free into financial incentives for conservation purposes targeted at actors who own or manage the natural resources.
Carbon credits, also known as carbon offsets, are permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one ton of carbon dioxide or the equivalent in other greenhouse gases.