SBSTA

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...

They include carbon stored in vegetation (above and below ground), decaying matter in the soil, and wood products.

It means REDD, with the inclusion of the role of conservation, sustainable forest management, and increasing forest carbon stocks in developing countries. It is the concept currently applied under the Climate...