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 not included. Externality means a market failure, in the sense that the product put on the market does not have a price that contains all of the gains or losses resulting from its production.

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First commitment period

Refers to the 2008-2012 period under the Kyoto Protocol.

MOP

Following the entry into force of the Kyoto Protocol in 2005, the Conference of the Parties of the UN Climate Change Convention started operating as the meeting of parties (MOP) of the protocol. This body meets in a similar manner to the Conferences of the Parties...

Fiscal module

A fiscal module is a unit of measure set differently for each town according to the Brazilian Act No. 6.746/79, which takes into account the type of exploitation predominant in the town; proceeds from the predominant exploitation; and other existing in-town...