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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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...

Fossil fuels

Fuels such as oil, natural gas, and mineral coal – fossilized plant residues – that are buried in the Earth's crust and reached their present state through chemical reactions over long periods of time. They are produced by the continuous decomposition of organic...

Annex I parties or Annex I countries

The Annex I to the Climate Change Convention is composed of parties to the convention and the industrialized countries of the former Soviet Union and Eastern Europe. The division between Annex I parties and non-Annex I parties separates the countries according to...