After signing an international treaty, such as the Climate Change Convention or the Kyoto Protocol, a country has to ratify the commitment, often with the approval of its parliament or other legislature. The ratification instrument must be deposited with the UN Secretary-General to, then, begin the 90-day count for the ratifying country to become an integral party. There are minimum ratifications thresholds for the entry into force of international treaties.
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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)...
Permanence
Permanence
Time at which carbon stored by sequestration remains in a carbon pool without being rereleased. Only permanent carbon pools are acceptable for climate policy purposes.