VINTAGE

The year of emissions reduction that a carbon credit belongs to. The vintage of an offset may not necessarily match the year of the transaction, and the vintage year may even be in the future.

Vintage

Vintage in the context of carbon credits refers to the year in which the carbon reduction or removal project took place and the associated credits were generated. Each carbon credit is associated with a specific vintage year, which is important for tracking and accounting purposes in carbon markets. For example, a carbon credit from a […]

VINTAGE OF A CARBON OFFSET

The year GHG Emissions reductions for an issued offset were deemed to have occurred. The vintage of a carbon offset can be indicative of the quality of the carbon offset and its underlying project, and thus is a principal factor in determining the carbon offset’s value.

VINTAGE PERIOD

The time period for which a particular set of GHG emission reductions or removals generated by the project or program are verified, which may be any subset of a verification period

VIRGIN FOREST

A forest that has never been harvested or altered by humans.

VIRGIN MATERIALS

Virgin materials are materials that have not been previously used in manufacturing of products. Examples include virgin wool, virgin cotton, or virgin polyester, as opposed to their recycled alternatives. The use of virgin materials puts high demands on raw materials and non-renewable resources such as crude oil for the manufacture of polyester, or coal to […]

VISCOSE

Viscose is the first man-made fiber, patented in the mid-1880s and known as ‘art silk’ in the early 20th Century. As viscose is made through the rayon process, it is also referred to as viscose rayon or just rayon. Viscose is derived from natural cellulose that typically comes from wood pulp of trees such as […]

VISIBILITY

A measure of how far and how well an observer can see through the atmosphere.

VOLATILE

Any substance that evaporates readily.