United Nations Framework Convention on Climate Change or the Climate Change Convention

The release of greenhouse gases and/or their precursors into the atmosphere at a specific area and over a specified period.

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

The carbon market has existed since before the entry into force of the Kyoto Protocol, when it was possible to observe, in the international market, a growing demand for greenhouse gas (GHG) emissions reductions, so that the ton avoided of equivalent carbon (tCO2e)...