May 6, 2020 | Economic Concepts
Joint Implementation (JI) is the second of the Kyoto protocol’s reduction incentives. Like the CDM, it is a way of issuing tradable carbon allowances for Article I countries (countries with mandatory reduction targets) to trade, but unlike the CDM, it encourages...
May 6, 2020 | Economic Concepts, Key Terms and Agreements
The Clean Development Mechanism (CDM) works to reward developed countries who aid developing countries in their sustainable development. It does this by issuing sustainable development projects with Certified Emissions Reductions (CER), which can be bought as carbon...
May 6, 2020 | International Policy, Key Terms and Agreements
Before the famous Paris Agreement, there was the (also famous) Kyoto Protocol. Adopted at the third COP in 1997, it didn’t come into effect until 2005, when Russia’s approval brought it up to the required 55 countries [1]. The Protocol was the first...
