COP

Conference of the Parties, countries who are signatories to the UN Climate Change Convention.

With the entry into force of the Climate Change Convention in 1994, representatives of the signatory countries started to meet annually at the Conferences of the Parties to discuss the progress of the implementation of the treaty and to continue discussions on how best to deal with climate change and environmental issues – in this case, party is the same as country.

The COP is the ‘supreme moment’ of the Climate Change Convention, and the procedures adopted by its components and internal bodies are governed by written laws.

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Renewable energy

Renewable energy

It is the energy derived from sources that do not use exhaustible fuels (for example, water – hydroelectric power, wind – wind energy, Sun – solar energy, tides, and geothermal sources). Some combustible materials, such as biomass, can also be considered renewable....

Externality

Externality

The fact of existing outside the perceiving subject. This economic phenomenon can be categorized as positive or negative when, in the price of the good placed on the market, the social gains and losses resulting from its production or consumption, respectively, are...