Module 8 of 9 · S3 · Verification, carbon price paid and the free allocation adjustment
Key terms
| Term | Meaning |
|---|---|
| Activity group | Scope of a verifier's accreditation |
| Materiality level | 5 % of SEE and of SEFA per tonne of good |
| Carbon price | Tax, levy, fee or ETS cost paid on production emissions |
| Independent person | Certifies carbon price documentation |
| SEFA | Specific embedded free allocation, t CO2e per tonne |
| CBAM factor / CSCF | Phase-out factor / EU ETS correction factor |
| BM* (Column A) / BM (Column B) | Process benchmark / default benchmark incl. precursors |
Sources: AVA Annex I; VPA Art 5(1); REG Art 3(29), 9(2); FAA Annex 2, 3.1, 5.3.