Paris Agreement

The COP 21’s Paris Agreement brings all nations into a common cause to undertake ambitious efforts to combat climate change and adapt to its effects, with enhanced support to assist developing countries to do so.

Its central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.

The Paris Agreement entered into force on 4 November 2016, thirty days after the date on which at least 55 parties to the Climate Convention accounting in total for at least an estimated 55% of the total global greenhouse gas emissions have deposited their instruments of ratification.

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PPCDAM

PPCDAM

The Action Plan for the Prevention and Control of Deforestation in the Legal Amazon (PPCDAm). Its fourth phase lasts until 2020.

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...

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...