Dr. Manishika Jain in this video explains the concept of carbon trading and Kyoto Protocol.
Details are given below:
Kyoto Protocol & Carbon Trading
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 𝐶𝑎𝑟𝑏𝑜𝑛 𝑈𝑛𝑖𝑡=1 𝑡𝑜𝑛 𝑜𝑓 𝐶𝑂2 𝑒𝑞.
Annex B – Targets to limit emissions as “Assigned 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
Are form of trade.
If buy – ↓ GHG emissions
Update power plants and factories
Increase energy efficiency of buildings and transportation
Let you pay to reduce the global GHG total
For NET Paper 1 Study material refer – http://www.examrace.com/CBSE-UGC-NET/CBSE-UGC-NET-FlexiPrep-Program/Postal-Courses/Examrace-CBSE-UGC-NET-Paper-I-Series.htm