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FAQs
Below are some definitions and responses to your frequently asked questions. We will be updating this list from time to time. Be sure to check for updates in future.
What is the Carbon market?
This is a trading system through which countries or other entities may buy or sell units of greenhouse gas emissions in an effort to meet their national limits on emissions under various protocols or other agreements. The term comes from the fact that carbon dioxide is the predominant greenhouse gas, and other gases are measured in units called “carbon-dioxide equivalents.”
What is Climate Change?
This refers to a change in the state of the climate that can be identified (e.g. by using statistical tests) by changes in the mean and/or the variability of its properties, and that persists for an extended period, typically decades or longer. Climate change may be due to natural internal processes or external forcing, or to persistent anthropogenic changes in the composition of the atmosphere or in land use.
What is Climate Smart Agriculture?
This is agriculture that sustainably increases productivity, resilience (adaptation), reduces/removes greenhouse gases (mitigation), and enhances the achievement of national food security and development goals.
What is the Green Economy?
This is an economic system that aims to promote sustainability by minimising environmental impacts and conserving resources. It involves the integration of environmental concerns into economic policies and practices, fostering green technologies, renewable energy sources, sustainable resource management, and reducing pollution and waste. The goal is to create a balance between economic growth and ecological sustainability.
What is the Digital Economy?
This is an economic system in which digital technologies, such as the internet, mobile devices, cloud computing, data analytics, and automation, play a central role in driving economic activity. It encompasses the production, distribution, and consumption of goods and services that rely heavily on digital technologies and data.
What are Greenhouse Gases?
These are the atmospheric gases responsible for causing global warming and climate change. The major GHGs are carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O). Less prevalent but very powerful greenhouse gases are hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and Sulphur hexafluoride (SF6).
What is the Twin Transition?
This is the simultaneous and interconnected process of transitioning towards a green economy (reducing environmental impact and promoting sustainability) and a digital economy (embracing digital technologies and innovation). It recognises that both the green and digital transitions are necessary to address environmental challenges, enhance economic competitiveness, and achieve long-term sustainability goals.
What is Digitalisation?
This is the integration of digital technology into different areas to improve efficiency, connectivity, and innovation. It goes beyond conversion to digital format; it leverages digital technologies like computers, the internet, data analytics, and automation to optimise operations, create new business models, enhance user experiences, and drive overall transformation.
What is Sensitivity (to climate variability or change)?
This is the degree to which a system is affected, either adversely or beneficially, by climate variability or change. The effect may be direct (e.g. a change in crop yield in response to a change in the mean, range or variability of temperature) or indirect (e.g. damages caused by an increase in the frequency of coastal flooding due to sea-level rise).
What is Technology Transfer?
These are a broad set of processes covering the flows of know-how, experience and equipment for mitigating and adapting to climate change among different stakeholders
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