Glossary | Climate Lexicon E

carbon-connect AG Climate Glossary with common technical terms, abbreviations and explanations on the topics of the environment, climate protection and CO2 compensation.

EEX (European Energy Exchange)

The European Energy Exchange (EEX) includes 240 members from 24 countries. It is the leading marketplace for energy and energy-related products in continental Europe. The headquarters of EEX is located in Leipzig, Germany. The EEX trades natural gas, CO2 emission rights, green electricity, and coal.

El Nino

The climate cycle El Nino occurs in the tropical Pacific Ocean (between the west coast of South America and the Southeast Asian region). When the phenomenon occurs, the temperature in the eastern Pacific warms up.

Electro Smog

Electro smog is considered a collective term for the occurrence and presence of artificial electric, magnetic and electromagnetic fields. Electro smog sources include overhead lines of railways, power lines (overhead lines), mobile and broadcast antennas and transformer stations.

Emission Trading

Emission rights trading, or just emission trading, is an environmental policy instrument with the sole aim of reducing CO2 emissions at the lowest possible cost. This idea was developed in 1968 by John Harkness Dales already.

Energy Certificate

An energy certificate provides information about how much energy is consumed when using a device or vehicle. Energy certificates are being used in the automotive industry and in electronic gadgets.

EU Emission Trading System / European Union Emission Trading System, EU ETS

The EU emission trading is the first cross-border and world-wide emission trading scheme. It is also an EU climate policy instrument with the aim of reducing greenhouse gas emissions at the lowest possible economic cost. In this case, an emission reduction is enforced, but it is left to the market, in which way this specific reduction takes place or is achieved. It was put into effect in 2005 and includes some of the industries which cause pollution, such as the following industries: iron, steel smelting, coking plants, refineries and crackers, cement and lime producers, glass, ceramics and the brick industry, paper and cellulose production. These industries account for 45% of the EUs CO2 emissions. This system is based on the fact that for each ton of CO2 emitted the acquired companies have to buy a tradable certificate and there are only a limited number of new certificates allowed per year. Surplus certificates can be sold on the market, so CO2 saving measures are rewarded, while companies with high and rising CO2 emissions on the market have to buy papers. The system thus works according to the cap & trade principle - restrict and act. This should create an incentive to reduce harmful CO2 emissions. Since 2012, aviation has also been included.

European Environmental Standard EMAS

The European environmental standard EMAS examines the ecological footprint of a company, including the consequences of loans and insurance payments. The environmental standard EMAS is based on ISO 14001, but contains additional requirements on certain points. In particular, additional indirect environmental aspects are included in this testing.