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 not included. Externality means a market failure, in the sense that the product put on the market does not have a price that contains all of the gains or losses resulting from its production.

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Baseline

The baseline of a project is the scenario that represents the level of anthropogenic emissions/removals of CO2 equivalent that would occur in the absence of the proposed project activity. It serves as a basis for both verification of additionality and...

CO2 equivalent (CO2e)

It is a metric measure used to compare emissions of various greenhouse gases based on the global warming potential of each one of them, defined in decision 2/COP 3 or as subsequently revised in accordance with Article 5. Carbon dioxide equivalent is the result of...

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...