Paper commissioned by the government of the United Kingdom on the effects on the global economy of climate change in the next 50 years. It was coordinated by World Bank economist, Sir Nicholas Stern, and published on October 30, 2006. One of the main conclusions of the report is that the spending to stabilize the emission of greenhouse gases into the atmosphere would be equivalent to 1% of the world’s GDP by 2050.
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Additionality
Additionality
Criteria established by Article 12 of the Kyoto Protocol, to which the projects developed through the Clean Development Mechanism are subject. Under this criterion, an activity must prove to result in the reduction of greenhouse gases emissions or the increase of...
Carbon credits
Carbon credits
Reductions in greenhouse gas emissions tradable in the international carbon market, measured in avoided tons of carbon dioxide equivalent (tCO2e). Currently, there are two types of assets being traded on the market: (i) emission allowances allocated to an existing...