Annex I parties or Annex I countries

The Annex I to the Climate Change Convention is composed of parties to the convention and the industrialized countries of the former Soviet Union and Eastern Europe. The division between Annex I parties and non-Annex I parties separates the countries according to their responsibility for increasing the atmospheric concentration of greenhouse gases.

Annex I parties, basically developed countries, have emission limitation or reduction targets since the first commitment period of the Kyoto Protocol.

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CO2 equivalent (CO2e)

It is a metric measure used to compare emissions of various greenhouse gases based on the global warming potential of each one of them, defined in decision 2/COP 3 or as subsequently revised in accordance with Article 5. Carbon dioxide equivalent is the result of...

Parties

Refer to the countries that are part of a convention. These can be individual countries or economic blocs, such as the European Union.

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...