Kyoto Protocol And Canada Essay

Kyoto Protocol And Canada Essay-72
This amounts to an average of five per cent against 1990 levels over the five year period 2008-2012.The major distinction between the Protocol and the Convention is that while the Convention encouraged industrialized countries to stabilize GHG emissions, the Protocol commits them to do so.

This amounts to an average of five per cent against 1990 levels over the five year period 2008-2012.The major distinction between the Protocol and the Convention is that while the Convention encouraged industrialized countries to stabilize GHG emissions, the Protocol commits them to do so.In practice this means that non-annex B economies have no GHG emission restrictions, but have financial incentives to develop GHG emission reduction projects to receive “carbon credits” that can then be sold to annex I buyers, encouraging sustainable development in these countries.

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The project report and CDs should be forwarded through covering letter signed by the project sponsors.

The project report submitted should be properly bound.

Under this mechanism, countries which have set themselves an emission reduction target under the Kyoto Protocol can contribute to the financing of projects in developing countries which do not have a reduction target.

The project should reduce the emission of greenhouse gases by contributing to the sustainable development of the host country.

The Clean Development Mechanism (CDM), defined in Article 12 of the Kyoto Protocol, allows a country with an emission ” reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission reduction project in developing countries.

Such projects can earn saleable Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets. It is the first global, environmental investment and credit scheme of its kind, providing standardized emissions offset instrument, CERs.

Following aspects should be considered while designing CDM project activity 1.

Social well being: The CDM project activity should lead to alleviation of poverty by generating additional employment, removal of social disparities and contribution to provision of basic amenities to people leading to improvement in quality of life of people. Economic well being: The CDM project activity should bring in additional investment consistent with the needs of the people. Environmental well being: This should include a discussion of impact of the project activity on resource sustainability and resource degradation, if any, due to proposed activity; bio-diversity friendliness; impact on human health; reduction of levels of pollution in general. Technological well being: The CDM project activity should lead to transfer of environmentally safe and sound technologies that are comparable to best practices in order to assist in upgradation of the technological base. System boundaries of baselines should be established. Interval between updated of baselines should be clearly described. Role of externalities should be brought out (social, economic and environmental) 8.

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