Ratification

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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Parties

Parties

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

Biome

Biome

The word ‘biome’ – ‘bios’ (from Ancient Greek βίο, meaning ‘life’) and ‘ome’ (a variation of ōma, from Ancient Greek ωμα, meaning ‘mass’ or ‘group’) – was first used in 1943 by the American botanist Frederic Edward Clements, to define a biological unit or...

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...