Second commitment period

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.

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

The baseline of a project is the scenario that represents the level of anthropogenic emissions/removals of CO2 equivalent that would occur in the absence of the proposed project activity. It serves as a basis for both verification of additionality and...