With reference to the Flexible Mechanisms of Kyoto Protocol, which of the following is / are correct statements?

  1. 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.
  2. 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:

[A] Only 1
[B] Only 2
[C] Both 1 and 2
[D] Neither 1 nor 2
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