Certified emission reduction (CER)

Negotiable credit in the international carbon market originated from clean development mechanism (CDM) projects.

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Kyoto Protocol

Kyoto Protocol

On December 11, 1997, the Kyoto Protocol was created during the Third Conference of the Parties (COP 3) to the Climate Change Convention, held in Kyoto, Japan. It is a treaty linked to the convention, which defines the responsibilities and obligations of the...

Parties

Parties

Refer to the countries that are part of a convention. These can be individual countries or economic blocs, such as the European Union.

COP

COP

Conference of the Parties, countries who are signatories to the UN Climate Change Convention. With the entry into force of the Climate Change Convention in 1994, representatives of the signatory countries started to meet annually at the Conferences of the Parties...