Designated operational entity (DOE)

These are national or international entities accredited by the Executive Board – and designated by COP/MOP, which will ratify or not the Board’s accreditation to act within the cycle of CDM projects. The responsibilities of DOEs and the manner in which the Executive Board will accredit and coordinate them can be found in items 20 to 27 of the Marrakesh Agreement.

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Reforestation

It is the conversion, directly induced by humans, of unforested land into forested land through planting, sowing and/or human-induced promotion of natural seed sources, in an area that has been forested but converted into non-forested land. For the first commitment...

Clean Development Mechanism (CDM)

Established by Article 12 of the Kyoto Protocol, evolved from a Brazilian proposal, and stipulated throughout the COP 3 negotiations, the clean development mechanism (CDM) is the only of the three mechanisms introduced by the Protocol that include developing...

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...