Q. “Emission Trading and Clean Development Mechanism” are often seen in news is related to which of the following?
The Kyoto Protocol is made up of essential architecture that has been built and shaped over almost two decades of experience, hard work and political will. The beating heart of KP is made up of:
- Reporting and verification procedures;
- Flexible market-based mechanisms, which in turn have their own governance procedures; and
- A compliance system.
The Kyoto Flexible Market Protocol mechanisms:
- Joint Implementation (JI)
- The Clean Development Mechanism (CDM)
- Emission Trading