Baseline

The baseline of a project is the scenario that represents the level of anthropogenic emissions/removals of CO2 equivalent that would occur in the absence of the proposed project activity. It serves as a basis for both verification of additionality and quantification of certified emissions eeductions (CERs) arising from clean development mechanism (CDM) project activities.

The certified emissions reductions will be calculated precisely by the difference between baseline emissions and emissions verified as a result of CDM project activities, including leakage. The baseline is qualified and quantified based on a business-as-usual scenario.

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Marrakesh Agreement

Marrakesh Agreement

With 39 decisions, the Marrakesh Agreement compiles the principles, nature, scope, types, and procedures of the flexible mechanisms (CDM, Joint Implementation and Emissions Trading). It was in Africa, in the city of Marrakesh, during the seventh Conference of the...

Externality

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...

Avoided deforestation

Avoided deforestation

It is the reduction in deforestation rate of an area, so that the resulting deforestation rate is lower than in a non-intervention scenario to decrease the forest conversion process.