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 CO2 removals in addition to what would occur in the absence of a project activity. This criterion aims to assess whether the activity provides a real, measurable, and long-term reduction for climate change mitigation.
The Stern Review
The Stern Review
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...