Carbon Trading & Kyoto Protocol: Understanding the 3 Mechanism

Dr. Manishika Jain in this video explains the concept of carbon trading and Kyoto Protocol.
Details are given below:

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 ↓5% against 1990 level
Aim to reduce emissions
2012- Doha Amendments – 2nd Commitment period 2013 to 2020 – GHG ↓18% against 1990 level

Carbon Trading / Cap & Trade
1 πΆπ‘Žπ‘Ÿπ‘π‘œπ‘› π‘ˆπ‘›π‘–π‘‘=1 π‘‘π‘œπ‘› π‘œπ‘“ 𝐢𝑂2 π‘’π‘ž.

Mechanism

Annex B – Targets to limit emissions as β€œAssigned 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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