By Bruno De Wachter / Published on Fri, 2007-08-17 07:30
Kyoto and Kyoto Mechanisms (KMs)
The Kyoto protocol, signed in 1997, included three flexible mechanisms to lower the overall cost of implementation: Clean Development Mechanism (CDM), Joint Implementation (JI), and Emission Trading (ET). They are also called ‘the Kyoto Mechanisms’ (KMs). KMs allow countries to reach their domestic Kyoto target by taking actions abroad, in countries where the cost of reducing greenhouse gas (GHG) emissions is lower. The protocol stipulates that this should only be ‘supplemental to domestic action’, but it does not quantify this statement.
So let’s take a look at how European countries plan to use these KMs to reach their 2012 emission targets.
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