The CO2 market

A C D E F G H I J K L N P S U V

National Allocation Plan (NAP)

Allocation of emission allowances at the national level to individual sites under European Union Emission Trading Scheme.

National Authorities and Designated National Authorities

The national authority is the official body representing the Government which takes part in the arrangement of CDM/JI projects. For JI host countries, the national authority approves the projects and issues the emission reduction units. For CDM host countries, the designated national authority issues a non-objection letter necessary for the project approval, if it agrees that a project is in line with its sustainable development objectives.

Non-Annex I countries

Annex I is an Annex in the UNFCCC listing those countries that are signatories to the Convention and committed to emission reductions. The non-Annex I countries are developing countries, and they have no emission reduction targets.