ETX Module: Glossary

ESR

Effort Sharing Regulation 

EU

European Union 

EU ETS

EU Emissions Trading System 

EUA

European Union Allowance 

GHG

Greenhouse gas

LRF

Linear reduction factor

Non-ETS

Non Emissions Trading System

MSR

Market Stability Reserve

CSCF

Cross-sectoral Correction Factor

Benchmark

Reference values for the greenhouse gas emissions, in tCO2, relative to a production activity, used to determine the level of free allocation that each installation within each sector will receive.