Forest conversion

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)...

A protocol is always linked to an existing convention but is a separate and additional agreement that must be signed and ratified by the "signatory" parties to the convention. Protocols strengthen a convention, usually by adding new and more detailed commitments.

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