Kyoto Protocol

(redirected from Kyoto Mechanisms)
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Related to Kyoto Mechanisms: Clean Development Mechanism
A protocol of the United Nations Framework Convention on Climate Change, an international environmental treaty with the goal of stabilising greenhouse gas concentrations
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Firms that indicated they will introduce Kyoto mechanisms were asked which country/ region they would select for introducing such projects.
If Russia does not ratify the protocol, it cannot participate in the Kyoto mechanisms.
The EU also insists that industrialized countries should use the three Kyoto mechanisms as a ''supplement'' to, and not a substitute for, domestic policies and measures, EU officials stressed.
For the first time, companies were also able to record credits generated by the Kyoto mechanisms (certified emission reductions or CERs from the Clean Development Mechanism; and emission reduction units or ERUs from the Joint Implementation Mechanism).
Eight EU15 member states - Belgium, Germany, Greece, Ireland, the Netherlands, Portugal, Sweden and the UK - should be able to reach their national objective by 2012 through the use of existing policies and measures, carbon sinks and Kyoto mechanisms (clean development mechanism or CDM and joint implementation or JI).
The report notes the considerable potential of the Kyoto mechanisms (especially the Clean Development Mechanism) and calls for their expansion.
This is also true for the Kyoto mechanisms, which apply to economies in transition and developing countries (Joint Implementation and/or Clean Development Mechanism).
The Council wants emission ceilings to be harmonised and that eligibility criteria as well as the application of Kyoto mechanisms be clarified for all installations governed by the ETS.
The 3C' initiative has defined a working programme that includes: the promotion of effective policies based on an identification of potential reductions at the level of the world economy; the use of markets developed in the framework of the Emission Trading System and other Kyoto mechanisms (Clean Development Mechanisms and Joint Implementation Mechanisms); giving a serious thrust to technological development via the support and diffusion of innovative technologies.
Use of Kyoto mechanisms (The Clean Development Mechanism (CDM) for projects carried out in developing countries, and Joint Implementation, for projects carried out in developed countries or economies in transition) is allowed.
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