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
Kyoto Protocol Image

Carbon Trading/Cap & Trade

Carbon Trading/Cap & Trade

Mechanism

Mechanism Image
  • 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

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