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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Agroforestry systems

Agroforestry systems

Forms of land-use and land-management, in which trees or shrubs are used together with crop and/or animals in the same area, simultaneously or in a sequence of time. They must include at least one tree or shrub forest species, which can be combined with one or more...

Biome

Biome

The word ‘biome’ – ‘bios’ (from Ancient Greek βίο, meaning ‘life’) and ‘ome’ (a variation of ōma, from Ancient Greek ωμα, meaning ‘mass’ or ‘group’) – was first used in 1943 by the American botanist Frederic Edward Clements, to define a biological unit or...

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...