Dr. Manishika Jain in this video explains the concept of carbon trading and Kyoto Protocol.
Details are given below:

Kyoto Protocol & Carbon Trading
Kyoto Protocol
Adopted on 11 December 1997
Came in force on 16 February 2005
COP7 at Marrakesh - Rules for implementation were adopted & called "Marrakesh Accords."
1st commitment period started in 2008 and ended in 2012 - GHG ↓5% against 1990 level
Aim to reduce emissions
2012- Doha Amendments – 2nd Commitment period 2013 to 2020 - GHG ↓18% against 1990 level


Carbon Trading / Cap & Trade
1 𝐶𝑎𝑟𝑏𝑜𝑛 𝑈𝑛𝑖𝑡=1 𝑡𝑜𝑛 𝑜𝑓 𝐶𝑂2 𝑒𝑞.

Kyoto Protocol @0:20
Carbon Trading / Cap & Trade @6:02
Mechanism @9:52
Carbon Offsets @19:25
#Reduction #Development #Emission #Mechanism #Pollute #Rewarded #Trading #Financially #Emissions #Amendments #Manishika #Examrace

Mechanism

Annex B – Targets to limit emissions as “Assigned Amount Units (AAU)”
Removal Unit (RMU): Based on land use, land-use change and forestry (LULUCF) activities like reforestation
Emission Reduction Unit (ERU): By joint implementation
Certified Emission Reduction (CER): By clean development mechanism
Carbon Offsets
Are form of trade.
If buy - ↓ GHG emissions
Restore forests
Update power plants and factories
Increase energy efficiency of buildings and transportation
Let you pay to reduce the global GHG total


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