Q. With reference to the Flexible Mechanisms of Kyoto Protocol, which of the following is / are correct statements?
Through Clean Development Mechanism(CDM),any Annex I country can invest in emission reduction projects in any other Annex I country as an alternative to reducing emissions domestically.
Through Joint Implementation(JI),countries can meet their domestic emission reduction targets by buying greenhouse gas reduction units from (projects in) non Annex I countries to the Kyoto protocol (mostly developing countries).
Select the correct option from the codes given below:
Answer: Neither 1 nor 2
Notes: The ‘flexible mechanisms’ of the Kyoto Protocol were included for the first time in the COP-6, held Bonn, Germany. Flexible mechanisms or Kyoto Mechanisms, refer to Emissions Trading, the Clean Development Mechanism and Joint Implementation.
1.Emissions trading (ET)-The Emissions Trading-mechanism allows parties to the Kyoto Protocol to buy ‘Kyoto units'(emission permits for greenhouse gas) from other countries to help meet their domestic emission reduction targets.
2.Joint Implementation (JI)-Through the Joint Implementation, any Annex I country can invest in emission reduction projects (referred to as “Joint Implementation Projects”) in any other Annex I country as an alternative to reducing emissions domestically.
3.Clean Development Mechanism (CDM)-Through the CDM, countries can meet their domestic emission reduction targets by buying greenhouse gas reduction units from (projects in) non Annex I countries to the Kyoto protocol(mostly developing countries). Non-Annex I countries have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive Certified Emission Reductions that can then be sold to Annex I countries, encouraging sustainable development.
