Kyoto Protocol & Carbon Trading YouTube Lecture Handouts
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Carbon Trading & Kyoto Protocol: Understanding the 3 Mechanism
Kyoto Protocol & Carbon Trading
Kyoto Protocol
- Adopted on 11 December 1997
- Came in force on 16 February 2005
- COP7 at Marrakesh - Rules for implementation were adopted & called “Marrakesh Accords.”
- 1st commitment period started in 2008 and ended in 2012 - GHG against 1990 level
- Aim to reduce emissions
- 2012- Doha Amendments – 2nd Commitment period 2013 to 2020 - GHG against 1990 level
Carbon Trading ⟋ Cap & Trade
Mechanism
- Annex B – Targets to limit emissions as “Assigned Amount Units (AAU) ”
- Removal Unit (RMU) : Based on land use, land-use change and forestry (LULUCF) activities like reforestation
- Emission Reduction Unit (ERU) : By joint implementation
- Certified Emission Reduction (CER) : By clean development mechanism
Carbon Offsets
- Are form of trade.
- If buy - GHG emissions
- Restore forests
- Update power plants and factories
- Increase energy efficiency of buildings and transportation
- Let you pay to reduce the global GHG total
✍ Manishika