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UNFCCC: The Kyoto Protocol Mechanisms
With ratification of the Kyoto Protocol, emitting greenhouse gases over a set limit entails a potential cost. Conversely, emitters able to stay below their limit hold something of potential value. Thus, a new commodity was created – emission reductions. Because carbon dioxide is the principal greenhouse gas, people speak simply of trading in carbon. Carbon is now tracked and traded like any other commodity.
Additional Information
| Field | Value |
|---|---|
| Last updated | December 3, 2017 |
| Created | December 3, 2017 |
| Format | |
| License | unspecified |
| Name | UNFCCC: The Kyoto Protocol Mechanisms |
| Description |
With ratification of the Kyoto Protocol, emitting greenhouse gases over a set limit entails a potential cost. Conversely, emitters able to stay below their limit hold something of potential value. Thus, a new commodity was created – emission reductions. Because carbon dioxide is the principal greenhouse gas, people speak simply of trading in carbon. Carbon is now tracked and traded like any other commodity. |
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