First commitment period

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

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See also

Externality

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...

Source

Source

Any process or activity that releases greenhouse gases, aerosols or a precursor of greenhouse gas into the atmosphere.