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Glossary of Terms: O

Ocean Sequestration: CO2 capture and storage system that includes both injection into deep areas of the ocean and increased stimulation of ocean surface waters to grow phytoplankton and take up carbon dioxide.

Official Development Assistance (ODA): Official Development Assistance is funding provided governments of developed countries to developing countries to assist in various community, health and commercial projects.

Offset Ratio: The amount of pollutant that must be secured relative to the on-site emission increase. Often, new sources must offset their emissions at a greater than 1:1 ratio, especially if the offsetting emission reductions are derived from an off-site source.

Operational Entity: An entity authorised by the CDM Executive Board to be able to approve output from CDM projects.

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