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The Mechanisms under the Kyoto Protocol: IFGICT Green ICT Standard

Background

Countries with commitments under the Kyoto Protocol to limit or reduce greenhouse gas emissions must meet their targets primarily through national measures. As an additional means of meeting these targets, the Kyoto Protocol introduced three market-based mechanisms, thereby creating what is now known as the “carbon market.”

The Kyoto mechanisms are:
Clean development mechanism (CDM)
Joint implementation (JI)
Emissions trading (ET)
The Kyoto mechanisms:

Stimulate sustainable development through technology transfer and investment
Help countries with Kyoto commitments to meet their targets by reducing emissions or removing carbon from the atmosphere in other countries in a cost-effective way
Encourage the private sector and developing countries to contribute to emission reduction efforts
CDM and JI are the two project-based mechanisms which feed the carbon market. The CDM involves investment in emission reduction or removal enhancement projects in developing countries that contribute to their sustainable development, while JI enables developed countries to carry out emission reduction or removal enhancement projects in other developed countries.

Annex I Parties under the Convention must provide information in their national communications under the Kyoto Protocol to demonstrate that their use of the mechanisms is “supplemental to domestic action” to achieve their targets. This information is assessed by the facilitative branch of the Compliance Committee


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