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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Kyoto Protocol

Kyoto Protocol

On December 11, 1997, the Kyoto Protocol was created during the Third Conference of the Parties (COP 3) to the Climate Change Convention, held in Kyoto, Japan. It is a treaty linked to the convention, which defines the responsibilities and obligations of the...

Carbon market

Carbon market

The carbon market has existed since before the entry into force of the Kyoto Protocol, when it was possible to observe, in the international market, a growing demand for greenhouse gas (GHG) emissions reductions, so that the ton avoided of equivalent carbon (tCO2e)...