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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Greenhouse gases (GHG)

Greenhouse gases (GHG)

Gaseous constituents of the atmosphere, from natural or anthropic sources, that absorb and re-emit infrared radiation. The UNFCCC and Kyoto Protocol count for carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and sulfur hexafluoride (SF6), accompanied by...

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...