Glossary
Developments in Carbon Pricing Systems

NDC (Nationally Determined Contributions under the Paris Agreement)

These are the nationally determined contributions (NDCs).

UTCF

Land use, land-use change, and forestry.

Unconditional NDCs

These are the NDCs that the country commits to implementing using its own resources. Conditional NDCs can only be implemented with additional financial support.

Integrity Council for the Voluntary Carbon Market

These are international standards that certify CO ₂ reduction or sequestration projects in carbon markets. Projects certified under these standards can generate tradable carbon credits.

Article 6.2 of the Paris Agreement

Under...