Protocol

A protocol is always linked to an existing convention but is a separate and additional agreement that must be signed and ratified by the “signatory” parties to the convention. Protocols strengthen a convention, usually by adding new and more detailed commitments.

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Certified emission reduction (CER)

Negotiable credit in the international carbon market originated from clean development mechanism (CDM) projects.

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...

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...