Home > Term: flexible mechanism
flexible mechanism
Instruments that help countries and companies meet emission reduction targets by paying others to reduce emissions for them. The mechanism in widest use is emissions trading, where companies or countries buy and sell permits to pollute. The Kyoto Protocol establishes two flexible mechanisms enabling rich countries to fund emission reduction projects in developing countries - Joint Implementation (JI) and the Clean Development Mechanism (CDM).
- Part of Speech: noun
- Industry/Domain: Natural environment
- Category: Climate change
- Company: BBC
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Creator
- Jessehe
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