China and the US make a deal on the reduction of CO2 emissions

China and the US make a deal on the reduction of CO2 emissions

China and United States, the two countries that emit the largest amounts of greenhouse gases into the atmosphere worldwide reached an agreement to reduce CO2 emissions and fight climate change. They declared this during a joint press release of Chinese president Xi Jinping and US president Barack Obama held on 12th November, at the end

What are carbon credits?

What are carbon credits?

Imagine a stock exchange where a multitude of brokers scream to sell and buy. Calls, handshakes, shouts. But there’s something different. Brokers do not exchange stocks, but… trees.

What is the Kyoto Protocol

What is the Kyoto Protocol

The Kyoto Protocol is the first international agreement to mandate reductions in gas emissions that caused the greenhouse effect, climate change and global warming.   It is based on the United Nations Framework Convention on Climate Change (UNFCCC) treaty, signed in Rio de Janeiro in 1992 during the famous Earth Summit. During the 1997 Kyoto Conference,