The issuance of credits after independent verification of emission reductions.
"Glossary", Eco securities Limited. "Challenges for a business case for high-biodiversity REDD Projects and Schemes."- A Report for the Secretariat of the CBD, February 2009, Version1.2 http://www.illegallogging.info/uploads/ecosecurities REDD.pdf
The issuance of carbon offsets after independent verification of emission reductions. It is an emission reduction that has been paid for and has been verified by a particular standard as having resulted in a carbon reduction.