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1. G77

   The Group of 77 is the largest intergovernmental organization of developing states in the United Nations, which provides the means for the countries of the South to articulate and promote their collective economic interests and enhance their joint negotiating capacity on all major international economic issues within the United Nations system, and promote South-South cooperation for development.

2. Global Environment Facility (GEF)

   The GEF is a global partnership among 178 countries, international institutions, non-governmental organizations (NGOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives. It provides grants for projects related to six focal areas: biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.

3. Global Warming Potential (GWP)

   GWP is a measure of how much a given mass of greenhouse gas is estimated to contribute to global warming. It is a relative scale which compares the gas in question to that of the same mass of carbon dioxide.

4. Global Warming Solutions Act of 2006

   The Global Warming Solutions Act of 2006 is an environmental law in California, signed into law by Governor of California on September 27, 2006. The bill establishes a timetable to bring California into near compliance with the provisions of the Kyoto Protocol.

5. Gold Standard

   Gold Standard credits (GS-CER and GS-VER) are offered for sale in compliance offset markets established by the Kyoto Protocol and in non-Kyoto voluntary offset markets. The Foundation has trademarked the Gold Standard label, which is today internationally-recognised as the leading indicator of quality in carbon markets.

6. Grandfathering

   Method for allocation of emissions credits/allowances to companies or other legal entities, usually free of charge, on the basis of their historic emissions. Grandfathering has been the main allocation method in Phase I1 and I2I of EU ETS.

7. Grazing Land Management

   The system of practices on land used for livestock production aimed at manipulating the amount and type of vegetation and livestock produced.

8. Green Investment Scheme (GIS)

   The Green Investment Scheme (GIS) is a newly developed mechanism in the framework of International Emission Trade (IET). It is designed to achieve greater flexibility in reaching the targets of the Kyoto Protocol while preserving environmental integrity of IET.

9. Greenhouse gases (GHGs)

   Greenhouse gases are gases in an atmosphere that absorb and emit radiation within the thermal infrared range. This process is the fundamental cause of the greenhouse effect. The main greenhouse gases in the Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide, and ozone. Greenhouse gases greatly affect the temperature of the Earth; without them, Earth's surface would be on average about 33°C (59°F) colder than at present.

10. Group of 77 and China (G77/China)

    G77/China is the developing country-group in the climate negotiations, consisting of more than 130 developing countries.