Global Warming Potential (GWP)
An index (i.e., a relative measure) of how much heat a greenhouse gas traps in the atmosphere over a chosen time horizon, relative to that of carbon dioxide. The GWP represents the combined effect of the differing times these gases remain in the atmosphere and their relative effectiveness in absorbing outgoing thermal infrared radiation. Although the most common time horizon is 100 years, GWP have been reported also for time horizons of 20 years and 500 years.
Payment for Environmental Services (PES)
Payments to farmers or landowners who have agreed to take certain actions to manage their land or watersheds to provide an ecological service. As the payments provide incentives to land owners and managers, PES is a market-based mechanism, similar to subsidies and taxes, to encourage the conservation of natural resources.