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Dr. Manishika Jain in this video explains the concept of carbon trading and Kyoto Protocol. Details are given below: Kyoto Protocol & Carbon Trading Kyoto Protocol Adopted on 11 December 1997 Came in force on 16 February 2005 COP7 at Marrakesh - Rules for implementation were adopted & called "Marrakesh Accords." 1st commitment period started in 2008 and ended in 2012 - GHG ↓5% against 1990 level Aim to reduce emissions 2012- Doha Amendments – 2nd Commitment period 2013 to 2020 - GHG ↓18% against 1990 level Carbon Trading / Cap & Trade 1 𝐶𝑎𝑟𝑏𝑜𝑛 𝑈𝑛𝑖𝑡=1 𝑡𝑜𝑛 𝑜𝑓 𝐶𝑂2 𝑒𝑞. Kyoto Protocol @0:20 Carbon Trading / Cap & Trade @6:02 Mechanism @9:52 Carbon Offsets @19:25 #Reduction #Development #Emission #Mechanism #Pollute #Rewarded #Trading #Financially #Emissions #Amendments #Manishika #Examrace Mechanism Annex B – Targets to limit emissions as “Assigned Amount Units (AAU)” Removal Unit (RMU): Based on land use, land-use change and forestry (LULUCF) activities like reforestation Emission Reduction Unit (ERU): By joint implementation Certified Emission Reduction (CER): By clean development mechanism Carbon Offsets Are form of trade. If buy - ↓ GHG emissions Restore forests Update power plants and factories Increase energy efficiency of buildings and transportation Let you pay to reduce the global GHG total Register: http://www.examrace.com/Updates/Updat... For NET Paper 1 Study material refer - http://www.examrace.com/CBSE-UGC-NET/... #examrace #upsc #ugcnet