Question
Download Solution PDFThe mechanism under the Kyoto Protocol that allows developed countries to fund emission reduction projects in developing nations is called ________.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKyoto Protocol Mechanism
The Kyoto Protocol includes several mechanisms to help countries meet their greenhouse gas emission targets. One of these mechanisms is the Clean Development Mechanism (CDM), which allows developed countries to fund emission reduction projects in developing nations. This helps developed countries to meet their own emission targets while promoting sustainable development in developing countries.
Analyzing the Given Options
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"Clean Development Mechanism (CDM)" (Correct Answer)
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The CDM allows developed countries to invest in emission reduction projects in developing countries, earning carbon credits that can be used to meet their own targets.
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"Emissions Trading" (Incorrect Answer)
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Emissions Trading allows countries to buy and sell emission allowances, but it does not involve funding projects in developing nations.
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"Joint Implementation" (Incorrect Answer)
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Joint Implementation involves developed countries working together on emission reduction projects, not specifically funding projects in developing nations.
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"Carbon Sequestration" (Incorrect Answer)
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Carbon Sequestration involves capturing and storing carbon dioxide, but it is not a specific mechanism under the Kyoto Protocol for funding projects in developing nations.
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