Parties

Refer to the countries that are part of a convention. These can be individual countries or economic blocs, such as the European Union.

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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...

REDD+ Global Partnership

REDD+ Global Partnership

According to a document signed in Oslo (Norway) in May 2010, the REDD+ Global Partnership brings a set of voluntary actions to develop issues related to the REDD mechanism. These actions are parallel to those under the United Nations Framework Convention on Climate...

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...