Definitions

The concept refers to one of the three Kyoto mechanisms, by which an Annex I Party may transfer Kyoto Protocol units to, or acquire units from, another Annex I Party. An Annex I Party must meet specific eligibility requirements to participate in emissions trading. (Source: UNFCCC at http://unfccc.int/essential_background/glossary/items/3666.php#C)

Hierarchy
Alternative labels:
carbon market
carbon trading
emission allowance
tradable emission
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