Consider the following pairs:TermDescriptionAnnex-I CountriesCartagena ProtocolCertified Emissions R

Question

Consider the following pairs:TermDescriptionAnnex-I CountriesCartagena ProtocolCertified Emissions ReductionsNagoya ProtocolClean Development MechanismsKyoto ProtocolWhich of the pairs given above is/are correctly matched?

Accepted Answer

The Clean Development Mechanism (CDM), created multilaterally under the UNFCCC, is one of the mitigation instruments under the Kyoto Protocol. The Clean Development Mechanism (CDM), defined in Article 12 of the 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. Annex-I countries are parties to the Kyoto Protocol.Source Citation: Economic Survey (2015-16) Vol 2