Second commitment period

Refers to the 2012-2020 period, under the Kyoto Protocol.

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Leakage or escape

Leakage or escape

It corresponds to the increase of greenhouse gas emissions that occur outside the limit of the clean development mechanism (CDM) project activity and which, at the same time, is measurable and attributable to the project activity. The leakage is deducted from the...

Entry into force

Entry into force

Intergovernmental agreements, including protocols and amendments, are not legally valid until ratified by a certain number of countries. For the UNFCCC creation, it took 50 countries; as for ratifying the Kyoto Protocol, at least 55 countries were required...

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...