The aim of emissions trading is to achieve emissions reductions at the lowest economic cost. Through emissions trading, one party reduces its emissions, and sells this reduction to another party, who then uses this reduction to meet its emissions goal. In addition to finding low cost emissions reduction opportunities, emissions trading also provides incentives for technology transfers and investments by developed countries to developing nations. | Kyoto Mechanisms
The possibility to raise project finance through the sale of emission reductions derives from the so-called Flexibility Mechanisms of the Kyoto Protocol. These innovative but complex mechanisms were created to help industrialised countries meet carbon cuts agreed in the Kyoto Protocol, an agreement that is part of a larger web of local, national, and international initiatives aimed at combating climate change. » more | EU Emissions Trading Scheme
From 1 January 2005, 15,000 installations fall under the European Unions greenhouse gas emissions trading scheme (ETS). The goal of the scheme, which is an important element of the EUs strategy to meet Kyoto Protocol targets, is to reduce the carbon dioxide emissions of member states by regulating the largest CO2 emitting facilities in each state. » more |
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