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Flexible MechanismsFlexible mechanisms, also sometimes knows as Flexibility Mechanisms or Kyoto Mechanisms), refers to Emissions Trading, the Clean Development Mechanism and Joint Implementation. These are mechanisms defined under the Kyoto Protocol intended to lower the overall costs of achieving its emissions targets. These mechanisms enable Parties to achieve emission reductions or to remove carbon from the atmosphere cost-effectively in other countries. While the cost of limiting emissions varies considerably from region to region, the benefit for the atmosphere is in principle the same, wherever the action is taken. Much of the negotiations on the mechanisms has been concerned with ensuring their integrity. There was concern that the mechanisms do not confer a "right to emit" on Annex 1 Parties or lead to exchanges of fictitious credits which would undermine the Protocol’s environmental goals. The negotiators of the Protocol and the Marrakesh Accords therefore sought to design a system that fulfilled the cost-effectiveness promise of the mechanisms, while addressing concerns about environmental integrity and equity. To participate in the mechanisms, Annex 1 Parties must meet the following eligibility requirements:
Additional recommended knowledge
Emissions trading (ET)
The Emissions Trading-mechanism allows parties to the Kyoto-protocol to buy greenhouse gas emission permits from other countries to help meet their domestic emission reduction targets. Joint Implementation (JI)
Through the Joint Implementation, industrialised countries with a greenhouse gas reduction commitment (so-called Annex 1 countries) may fund emission reducing projects in other industrialised countries as an alternative to emission reductions in their own countries. Typically, these projects occur in countries in the former Eastern Europe. Clean Development Mechanism (CDM)
Through the CDM, countries can meet their domestic emission reduction targets by buying greenhouse gas reduction units from (projects in) non Annex 1 countries to the Kyoto protocol (mostly third world countries). See also |
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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Flexible_Mechanisms". A list of authors is available in Wikipedia. |