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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Designated National Authority

Clean Development Mechanism (CDM) projects require domestic monitoring by parties representing the government of the countries involved in the project. Such authority, known as Designated National Authority (DNA), is invested with great responsibility to approve...

The Stern Review

Paper commissioned by the government of the United Kingdom on the effects on the global economy of climate change in the next 50 years. It was coordinated by World Bank economist, Sir Nicholas Stern, and published on October 30, 2006. One of the main conclusions of...

Climate change

Changes that are directly or indirectly attributed to human activity and alter the composition of the world's atmosphere and that is added to that caused by the natural climatic variability observed over comparable periods.