REDD+

It means REDD, with the inclusion of the role of conservation, sustainable forest management, and increasing forest carbon stocks in developing countries. It is the concept currently applied under the Climate Convention.

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Kyoto Protocol

Kyoto Protocol

On December 11, 1997, the Kyoto Protocol was created during the Third Conference of the Parties (COP 3) to the Climate Change Convention, held in Kyoto, Japan. It is a treaty linked to the convention, which defines the responsibilities and obligations of the...

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...