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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Forest conversion

Change to the forest environment to establish another land use, such as pasture and agriculture; deforestation.

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...

REDD+

It means REDD, with the inclusion of the role of conservation, sustainable forest management, and increasing forest carbon stocks in developing countries. It is the concept currently applied under the Climate...