1. The kyoto protocol
One of the main features of the Kyoto Protocol is an emission target which is set for developed nations. ... However, these nations decided that they needed more flexibility to achieve these targets, and thus three market-based mechanisms were included in the protocol: • Emission Trading - the buying and selling of emission credits among developed countries. ... These penalties include making up for its shortfall plus 30% in the next target period, and suspension of their ability to sell emission credits. ... This target is soon set to be met after Russia announced confirmation of it...
- Word Count: 842
- Approx Pages: 3
- Grade Level: Undergraduate