Carbon dioxide (CO2)

Gas naturally present in the atmosphere, accounting for approximately 0.036% of all of the atmospheric gases, and also emitted from the burning of fossil fuels and biomass, land use changes, and other industrial processes. It is one of the main greenhouse gases and is used as a reference to the other ones.

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Albedo

The proportions of solar radiation reflected by a surface or object, expressed in percentage. Snow-covered surfaces have high albedo level; ground (soil) albedo can be high or low; vegetation-covered surfaces and oceans have low albedo level. The Earth’s albedo...

United Nations Framework Convention on Climate Change or the Climate Change Convention

See UNFCCC.

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...