The Stern Review

Paper commissioned by the government of the United Kingdom on the effects on the global economy of climate change in the next 50 years. It was coordinated by World Bank economist, Sir Nicholas Stern, and published on October 30, 2006. One of the main conclusions of the report is that the spending to stabilize the emission of greenhouse gases into the atmosphere would be equivalent to 1% of the world’s GDP by 2050.

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Small-scale CDM Project Activities

These are smaller scale project activities that are subject to a more agile project cycle and with lower transaction costs.

Mitigation

Actions to reduce greenhouse gases emissions and, consequently, to mitigate climate...

Parties

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