Kyoto Protocol And Canada Essay

In practice this means that non-annex B economies have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive “carbon credits” that can then be sold to annex I buyers, encouraging sustainable development in these countries.Emissions trading, as set out in Article 17 of the Kyoto Protocol, allows countries that have emission units to spare ” emissions permitted to them but not “used”�?The National CDM Authority is a single window clearance for CDM projects in the country.

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184 Parties of the Convention have ratified its Protocol to date.Disclaimer: This work has been submitted by a student.This is not an example of the work produced by our Law Essay Writing Service.The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change.The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.The achieved emission reductions can be used by the industrialized country to meet its reduction target.Countries listed in Annex B of the UNFCCC can purchase CDM credits. Eligibility The project proposal should establish the following in order to qualify for consideration as CDM project activity.You can view samples of our professional work here.Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of Law Teacher.This amounts to an average of five per cent against 1990 levels over the five year period 2008-2012.The major distinction between the Protocol and the Convention is that while the Convention encouraged industrialized countries to stabilize GHG emissions, the Protocol commits them to do so.