Second commitment period

Intergovernmental agreements, including protocols and amendments, are not legally valid until ratified by a certain number of countries. For the UNFCCC creation, it took 50 countries; as for ratifying the Kyoto Protocol, at least 55 countries were required...

The carbon market has existed since before the entry into force of the Kyoto Protocol, when it was possible to observe, in the international market, a growing demand for greenhouse gas (GHG) emissions reductions, so that the ton avoided of equivalent carbon (tCO2e)...

National Plan on Climate Change (Plano Nacional sobre Mudança do Clima, PNMC, in Portuguese) is the Brazilian official voluntary commitment with the UNFCCC to achieve greenhouse gases cut between 36.1% and 38.9% of the 2020 projected emissions. It has established...