GLOSSARY

SOP(Share of Proceeds)

Adaptation support through financial contributions. A mechanism under Article 6 of the Paris Agreement that allocates a portion of the revenue obtained from greenhouse gas reduction projects to an adaptation fund for developing countries and others. The aim is to secure funds for countries vulnerable to climate change impacts to implement adaptation measures, and international cooperation is expected to advance climate change responses.

Learn more: ⁠Article 6 of the Paris Agreement and Carbon Credit Market -COP29 Agreement over 9 years after the Paris Agreement was signed- (First Part)

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