Leakage or escape

It corresponds to the increase of greenhouse gas emissions that occur outside the limit of the clean development mechanism (CDM) project activity and which, at the same time, is measurable and attributable to the project activity. The leakage is deducted from the total amount of carbon credits earned by the CDM project activity. Thus, all possible negative impacts, in terms of greenhouse gas emissions, are considered.

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REDD+ Global Partnership

According to a document signed in Oslo (Norway) in May 2010, the REDD+ Global Partnership brings a set of voluntary actions to develop issues related to the REDD mechanism. These actions are parallel to those under the United Nations Framework Convention on Climate...

First commitment period

Refers to the 2008-2012 period under the Kyoto Protocol.

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...