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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MOP

Following the entry into force of the Kyoto Protocol in 2005, the Conference of the Parties of the UN Climate Change Convention started operating as the meeting of parties (MOP) of the protocol. This body meets in a similar manner to the Conferences of the Parties...

REDD

Reducing Emissions from Deforestation and Forest Degradation - the concept has evolved to REDD+.

Diffusion in the oceans

The process through which the atmosphere and water continuously exchange molecules of carbon dioxide. The diffusion of carbon dioxide into the oceans accounts for almost half of the carbon extracted from the atmosphere. The colder oceans absorb more CO2 than warmer...