Kyoto - What is it? Part II
The Kyoto Protocol set up three separate categories for emissions reduction mechanisms. These mechanisms involve interactions between "Annex I & II Parties" and "non-Annex I Parties". For this discussion, "Annex I" and "Annex II" countries are the "developed nations" or nations with economies in transition (EIT) and the "non-Annex I Parties" are the so-called LDC's or Less Developed Countries. There are criteria for defining which group a country falls into that won't be discussed here. The United States is an Annex I and Annex II country, and has ratified the UN Framework Convention on Climate Change (UNFCCC). It is a Kyoto Protocol Annex B country, but has not ratified Kyoto. Therefore, the US is not a "party" (to the Kyoto Protocol). The US does have committments under the UNFCCC which will be discussed in another post.
The three mechanisms for reducing GHG emissions defined in the Kyoto Protocol, and refined in the Marrakesh Accords are: 1) the Clean Development Mechanism (CDM); 2) Joint Implementation (JI); 3) Emissions trading. All of these mechanisms involve the creation and transfer of certified emissions reduction (CER) which is an actual, measured reduction of one tonne of CO2.

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