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Last updated December 3, 2017
Created December 3, 2017
Format PDF
License unspecified
Name UNFCCC: The Kyoto Protocol Mechanisms

With ratification of the Kyoto Protocol, emitting greenhouse gases over a set limit entails a potential cost. Conversely, emitters able to stay below their limit hold something of potential value. Thus, a new commodity was created – emission reductions. Because carbon dioxide is the principal greenhouse gas, people speak simply of trading in carbon. Carbon is now tracked and traded like any other commodity.

Resource's languages
  • English