With reference to the Flexible Mechanisms of Kyoto Protocol, which of the follo

Question

With reference to the Flexible Mechanisms of Kyoto Protocol, which of the following is / are correct statements?
1.Through Clean Development Mechanism(CDM),any Annex I country can invest in emission reduction projects in any other Annex I country as an alternative to reducing
emissions domestically.
2.Through Joint Implementation(JI), countries can meet their domestic emission reduction targets by buying greenhouse gas reduction units from (projects in) non Annex I countries to the Kyoto protocol (mostly developing countries). Select the correct option from the codes given below:

Options:

A . Only 1

B . Only 2

C . Both 1 and 2

D . Neither 1 nor 2

Answer: Option D

The 'flexible mechanisms' of the Kyoto Protocol were included for the first time in the COP-6, held Bonn, Germany. Flexible mechanisms or Kyoto Mechanisms, refer to
Emissions Trading, the Clean Development Mechanism and Joint Implementation. 1.Emissions trading (ET)-The Emissions Trading-mechanism allows parties to the Kyoto
Protocol to buy 'Kyoto units'(emission permits for greenhouse gas) from other countries to help meet their domestic emission reduction targets. 2.Joint Implementation (JI)- Through the Joint Implementation, any Annex I country can invest in emission reduction projects (referred to as "Joint Implementation Projects) in any other Annex I country as an alternative to reducing emissions domestically. 3.Clean Development Mechanism (CDM)-Through the CDM, countries can meet their domestic emission reduction targets by
buying greenhouse gas reduction units from (projects in) non Annex I countries to the Kyoto protocol(mostly developing countries). Non-Annex I countries have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive Certified Emission Reductions that can then be sold to Annex I countries, encouraging sustainable development.

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