Kyoto Protocol

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Related to Kyoto Mechanisms: Clean Development Mechanism

Kyoto Protocol:

see global warmingglobal warming,
the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. Global warming and its effects, such as more intense summer and winter storms, are also referred to as climate
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Kyoto Protocol

A legally binding agreement adopted by the countries in attendance at the December 1997 United Nations Framework Convention on Climate Change in Kyoto, Japan. Delegates from the 160 industrialized nations present agreed to reduce their greenhouse gas emissions by an average of 5.2 percent below 1990 emissions levels by 2010. The United States pledged a 7 percent reduction, although the U.S. Congress did not ratify the agreement.
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References in periodicals archive ?
By 2012, the fund may buy up to 40% of the carbon credits' generated by projects set up as part of the Kyoto mechanisms (Clean Development Mechanism - CDM and the Joint Implementation - JI), whether they be part of the reserve projects' of one or other bank or whether they be sui generis projects.
They can also, as with industry, fall back, if necessary, on the credits made available by the Kyoto mechanisms (clean development mechanism and joint implementation).
If use of the Kyoto mechanisms and carbon sinks are added in as well, the total EU25 reduction would reach 10.8% in 2010.
They would like to participate in the Kyoto mechanisms with European enterprises, but European companies don't know this market and are keeping their distance because they are scared of going into it.
If use of the Kyoto mechanisms and carbon sinks are added in as well, the total EU-25 reduction would reach 10.8% in 2010.
The Testing Ground Agreement will permit participants to acquire experience, develop methods and procedures and collaborate in the implementation of flexible Kyoto mechanisms (emissions trading, the Joint Implementation and Clean Development Mechanisms), the aim being to cut greenhouse gas emissions at an economically acceptable cost through international co-operation, and thereby to cut the total costs linked to achieving the targets set out in the Protocol.
The United States and its allies in the Umbrella Group (Canada, Japan, and Australia) have consistently rejected any limit on the use of Kyoto mechanisms (emissions trading, clean development mechanism and joint implementation);- Consideration of carbon sinks (CO2 absorption capacity of forests and farmland).
Finally, Paris calls for greater consideration of the energy-climate change issue in European development policy, notably through energy efficiency projects financed under Kyoto mechanisms.
The employers' position on the Kyoto mechanisms is based on a number of principles which emphasise the importance of environmental delivery and credibility for emissions trading, as well as a need to ensure the economic efficiency of business.
"It is vital that EU business has full and flexible access to the credits generated from the Kyoto mechanisms", says the Union of Industrial and Employers' Confederations of Europe.
- rules governing the Kyoto mechanisms on emissions trading, Joint Implementation and with a priority to the Clean Development Mechanism - which is essential to safeguard the environmental benefits of these mechanisms, a solid promise to discuss a number of particular concerns to the EU - such as "supplementarity", ceilings, long-term convergence and equity.
It also noted the introduction of the European Union emissions trading scheme (ETS), linked to other Kyoto mechanisms (clean development mechanism and joint implementation) and emphasised that it will remain an essential instrument in the EU's medium- and long-term strategy to tackle climate change.

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