The Kyoto Protocol, adopted in 1997 and entered into force in 2005, established legally binding commitments for industrialized countries to reduce greenhouse gas emissions. It introduced market- based mechanisms, including emissions trading (which involves carbon credits), the Clean Development Mechanism (CDM), and Joint Implementation (JI), to help countries meet their targets.
The concept of 'carbon credit' originated from
Asked in UPPCS Prelims 2021 · Topic: Greenhouse Effect and Climate Change (International Conventions and Agreements on Climate Change (e.g., UNFCCC, Kyoto Protocol, Paris Agreement))
More Environment and Ecology questions
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