Ratification

After signing an international treaty, such as the Climate Change Convention or the Kyoto Protocol, a country has to ratify the commitment, often with the approval of its parliament or other legislature. The ratification instrument must be deposited with the UN Secretary-General to, then, begin the 90-day count for the ratifying country to become an integral party. There are minimum ratifications thresholds for the entry into force of international treaties.

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Forest

It is a land area of at least 0.05-1.0 hectare with tree crown cover (or equivalent level of stock) with more than 10-30% of trees having the potential to reach the minimum height of 2-5 meters in in situ maturity. A forest may consist of closed forest...

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...

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...