General Studies I
Consider the following statements :
1- Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocal Mechanisms.
2- Under the CDM. the projects handled pertain only to Annex-I countries.
Which of the statements given above is/are correct?
|C||Both 1 and 2|
|D||Neither 1 nor 2|
The carbon market is a key tool for reducing emissions worldwide. It was worth 30 billion USD in 2006 and is growing.
Annex I Parties must provide information in their national communications under the Protocol to demonstrate that their use of the mechanisms is “supplemental to domestic action” to achieve their targets. This information is assessed by the facilitative branch of the Compliance Committee