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Glossary of Terms: U

UK Climate Change Levy: Tax on the use of energy in industry, commerce and the public sector, with offsetting cuts in the rate of employers' National Insurance Contributions of 0.3 percentage points and additional support for energy efficiency schemes and renewable sources of energy. The levy forms a key part of the UK Government's overall Climate Change Programme.

Unilateral CDM Projects: Unilateral CDM projects are projects which do not have a project investor from abroad. The decision was taken at COP7 to allow developing countries to undertake CDM projects without an Annex I partner, and market the resulting emissions credits.

United Nations Framework Convention on Climate Change (UNFCCC): established in June 1992 at the Rio Earth Summit. Its primary objective is the "stabilisation of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic (man-made) interference with the climate system. Such a level should be achieved within a time-frame sufficient to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened, and to enable economic development to proceed in a sustainable manner." The UNFCCC is the governing body for international negotiations.

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