Marrakesh Agreement

With 39 decisions, the Marrakesh Agreement compiles the principles, nature, scope, types, and procedures of the flexible mechanisms (CDM, Joint Implementation and Emissions Trading). It was in Africa, in the city of Marrakesh, during the seventh Conference of the Parties (COP 7) that the Bonn Agreement was translated into formal decisions, triggering a package of operational rules for the Kyoto Protocol, giving rise, after some concessions made by all of the parties, to the Marrakesh Agreement. The main purpose of the agreement was to facilitate the immediate start of the Clean Development Mechanism (CDM), regulating the project certification procedure and its phases.

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Albedo

The proportions of solar radiation reflected by a surface or object, expressed in percentage. Snow-covered surfaces have high albedo level; ground (soil) albedo can be high or low; vegetation-covered surfaces and oceans have low albedo level. The Earth’s albedo...

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...

Small-scale CDM Project Activities

These are smaller scale project activities that are subject to a more agile project cycle and with lower transaction costs.