Kyoto Emissions Trading
This is a system in which meeting targets and using the mechanisms involved gave you tradable carbon allowances; notoriously oversupplying credits in practice.
Categories
International Policy
Joint Implementation
The second of the Kyoto protocol’s reduction incentives. It issues tradable carbon allowances for Article I countries to trade, additionally encouraging Annex I countries to host projects in one another.
Categories
Economic Concepts
The Clean Development Mechanism
The CDM rewards developed countries who aid developing countries in their sustainable development, by issuing sustainable development projects with Certified Emissions Reductions (CER).
Categories
Economic Concepts/Key Terms and Agreements
The Kyoto Protocol
Adopted in 1997, it came into effect in 2005: the first to give GHG emissions reductions targets per country to most Annex I countries.
Categories
International Policy/Key Terms and Agreements