LULUCF

It means “land use, land-use change and forestry”. The LULUCF activities eligible under the clean development mechanism are those that promote the removal of carbon dioxide from the atmosphere, i.e., afforestation and reforestation.

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Greenhouse effect

Greenhouse effect

It is the way that the Earth has to maintain a constant temperature conducive to life. It is a natural process that provides the necessary temperature for the establishment and sustenance of life on Earth and which is only possible through greenhouse gases. These...

CO2 equivalent (CO2e)

CO2 equivalent (CO2e)

It is a metric measure used to compare emissions of various greenhouse gases based on the global warming potential of each one of them, defined in decision 2/COP 3 or as subsequently revised in accordance with Article 5. Carbon dioxide equivalent is the result of...

Carbon credits

Carbon credits

Reductions in greenhouse gas emissions tradable in the international carbon market, measured in avoided tons of carbon dioxide equivalent (tCO2e). Currently, there are two types of assets being traded on the market: (i) emission allowances allocated to an existing...