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door | Winter 2016 69

Cap andTrade

See Emissions Trading.

Carbon Neutral or

Carbon Offset

To offset or neutralize net

greenhouse gas emissions.

This can be achieved by planting

trees, using renewable energy, energy

conservation and emissions trading.

Critics contend there is no definitive

evidence that carbon offsets work since

there are no models or standards that

clearly demonstrate the equilibrium.

(Carbon) Sequestration

See Uptake

CERES (Coalition for

Environmentally Respon-

sible Economies)

CERES is a non-profit 501(c)(3) group

of investors, corporations and public

interest groups using sustainable pros-

perity as a byline to describe its work to

promote change through capital markets.

Its mission is “Mobilizing investor and

business leadership to build a thriving,

sustainable global economy.”

Among

coalition group members are, the AFL-

CIO, CalPERS (California Public Employ-

ees’ Retirement System), Earth Island

Institute, Friends of the Earth, Natural Re-

sources Defense Council, Rocky Moun-

tain Institute (RMI), the Sierra Club, the

Union of Concerned Scientists, Walden

Asset Management, World Resources In-

sti

tute (WRI) and the

WorldWildlife Fund

(

WWF).

www.ceres.org

Compostable

The biodegradability of an organic

material, mostly to biomass, water

and carbon dioxide. Compostable

environments include industrial

settings and common garden or open

space locations. All standards agree

on a six-month period for the organic

matter to degrade. Most standards

support these tests:

• Does it biodegrade to carbon dioxide,

water, biomass at

the rate paper biodegrades?

• Does the material disintegrate leaving

no distinguishable

or visible residue?

• Are there any eco-toxic materials left,

and can the

remaining biomass support plant

growth?

American Society for Testing and

Materials (ASTM)

D6400-99 says to be considered

compostable, materials must undergo

degradation by biological processes

during composting to yield carbon dioxide

(CO2), water, inorganic compounds and

biomass at a rate consistent with other

compostable materials, leaving no visible,

distinguishable or toxic residue.

The EN (European Committee for

Standardization or Comité Européen

de Normalisation) standard is even

more specific. EN13432 states that a

material is deemed compostable if it will

breakdown to the extent of at least 90

percent to H2O and CO2 and biomass

within six months.

There are other standards as well

with DIN V49000 from the German

Institute for Standardization being the

strictest in the allowance of heavy

metals. Many might be familiar with

DIN standards for their safe release ski

bindings.

Consumer Product

Safety Commission (CPSC)

The Consumer Product Safety

Commission is a U.S. Federal agency in

charge of public safety associated with

consumer products. The CPSC Web site

states “Deaths, injuries, and property

damage from consumer product

incidents cost the nation more than $1

trillion annually. CPSC is committed to

protecting consumers and families from

products that pose a fire, electrical,

chemical, or mechanical hazard.” For

example, the Consumer Product Safety

Improvement Act of 2008 (CPSIA)

was enacted to protect children from

lead and phthalates 12 years of age or

younger.

www.cpsc.gov

Cradle-to-cradle

The life cycle of a product frommanu-

facture to re-manufacture.

Cradle-to-gate

The life cycle of a product or

process from manufacture to end user.

Also known as environmental product

declarations (EPD).

Cradle-to-grave

The life cycle of a product from

manufacture to end-of-use disposal (see

table on page 41).

Degradable

A material that undergoes

chemical change and a loss of original

characteristics due to environmental

conditions. There are no requirements for

time, process or toxicity for this method.

EmissionsTrading

(Cap andTrade)

A practice in which businesses

are given an emissions cap, in the

form of

credits, that allows them t

o

pollute up to a maximum credit level.

Businesses that exceed their cap

must purchase (or trade) credits from

a company that has not exceeded its

cap or from trading platforms such as

the Chicago Climate Exchange (CCX),

the European Climate Exchange

(ECX) and/or Montreal Climate

Exchange (MCeX).

Problems with the Cap and Trade

concept include where to set the

initial levels of the caps, retiring old

credits, resetting caps and regulatory/

compliance standards.

Environmental Product

Declarations (EPD)

The life cycle of a product from

manufacture to end user. Also know as

cradle-to-gate.

Forest Stewardship

Council (FSC)

The FCS’s mission is to encourage

sustainable

development (see Sustain-

able Develo

pment) practices among the

world’s forests. Ten principles and 57

criteria define forests certified by the

FSC. There are two certifications awarded

by the Forest Stewardship Council: a For-

est Management and Chain of Custody

certification. Both certifications use