Negotiable credit in the international carbon market originated from clean development mechanism (CDM) projects.
Climate system
Climate system
The totality of the atmosphere, hydrosphere, biosphere, and geosphere and their interactions.
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Leakage or escape
Leakage or escape
It corresponds to the increase of greenhouse gas emissions that occur outside the limit of the clean development mechanism (CDM) project activity and which, at the same time, is measurable and attributable to the project activity. The leakage is deducted from the...
Second commitment period
Second commitment period
Refers to the 2012-2020 period, under the Kyoto Protocol.