Kyoto Protocol
Kyoto Protocol is a legally binding agreement that arose out of the United Nations Framework Convention on Climate Change (UNFCCC), to respond to climate change through a reduction of Green House Gas (GHG) emissions.
Clean Development Mechanism
The Clean Development Mechanism (CDM) is a mechanism defined under Article 12 of the Kyoto Protocol. It is expected that CDM will assist Parties not included in Annex 1 in achieving sustainable development. CDM will assist Annex 1 Parties in achieving compliance with their quantified emission limitations and reduction commitments under the Kyoto Protocol.
What is CER?
Kyoto Protocol allows Annex 1 parities to acquire Emission Reduction Units from projects aimed at reducing emissions of Greenhouse Gasses (GHG) or removal of GHG emissions by sinks. Once these Emission Reduction Units are certified by Designated Operational Entities, they become Certified Emission Reduction Units (CERs), which can be traded in the open market. A project that helps to save 1 tonne of CO2 per year, can claim one CER. Such a CER signifies that the project in developing country has reduced green house gas emissions by one tonne of carbon dioxide per year.
Source: www.cdmlk.co.cc
No comments:
Post a Comment
Please comment on this article so that other users may take advantage of this. Relative comments to this article are welcome.