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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Carbon stocks

Carbon stocks

They include carbon stored in vegetation (above and below ground), decaying matter in the soil, and wood products.

Designated National Authority

Designated National Authority

Clean Development Mechanism (CDM) projects require domestic monitoring by parties representing the government of the countries involved in the project. Such authority, known as Designated National Authority (DNA), is invested with great responsibility to approve...

Renewable energy

Renewable energy

It is the energy derived from sources that do not use exhaustible fuels (for example, water – hydroelectric power, wind – wind energy, Sun – solar energy, tides, and geothermal sources). Some combustible materials, such as biomass, can also be considered renewable....