Kyoto Protocol And Canada Essay

Kyoto Protocol And Canada Essay-48
The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction or limitation targets.

The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction or limitation targets.

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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 project report and CDs should be forwarded through covering letter signed by the project sponsors.

The project report submitted should be properly bound.

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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.

The Clean Development Mechanism (CDM), defined in Article 12 of the Kyoto Protocol, allows a country with an emission ” reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission reduction project in developing countries.

Such projects can earn saleable Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets. It is the first global, environmental investment and credit scheme of its kind, providing standardized emissions offset instrument, CERs.

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