Certified emission reduction (CER)

Negotiable credit in the international carbon market originated from clean development mechanism (CDM) projects.

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Externality

Externality

The fact of existing outside the perceiving subject. This economic phenomenon can be categorized as positive or negative when, in the price of the good placed on the market, the social gains and losses resulting from its production or consumption, respectively, are...

Deforestation

Deforestation

It is the clearing of forests from the ground. It should be noted that forests are a significant sink for carbon dioxide.

Kyoto Protocol

Kyoto Protocol

On December 11, 1997, the Kyoto Protocol was created during the Third Conference of the Parties (COP 3) to the Climate Change Convention, held in Kyoto, Japan. It is a treaty linked to the convention, which defines the responsibilities and obligations of the...