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Carbon trading history in China

Posted on 28 November 2013

Countries committed to the Kyoto Protocol mainly operate under three market-based mechanisms. Emission Trading or ET allows countries to sell their emission quota to other countries. The Clean Development Mechanism or CDM allows a country to implement an emission-reduction project in developing countries.
Such projects can earn saleable certified emission reduction credits, which can also be counted toward meeting its Kyoto targets. Joint Implementation or JI is similar to CDM, with one difference - JI projects can only be hosted by developed countries with binding emission targets………………………………………..Full Article: Source


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