CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Green Initiatives
Meera Power Ltd plans to cite the Kyoto Protocol's flexibility mechanism in which an industrialised country funds an emission-reduction project in a developing country and earns certified emission reduction credits. The mechanism is the:
The mechanism is the Clean Development Mechanism under the Kyoto Protocol. It lets an industrialised country finance emission-reduction projects in a developing country and earn certified emission reduction credits. Joint Implementation is between developed countries, so it does not fit this fact pattern.
- AJoint Implementation
- BEmissions Trading between parties
- CClean Development MechanismCorrect
- DGreen Climate Fund
Explanation
The Clean Development Mechanism lets developed countries invest in emission-reduction projects in developing countries and earn CERs. Joint Implementation involves projects between two developed (Annex I) countries, and emissions trading is trading of assigned amount units. The Green Climate Fund is a financing body, not a Kyoto mechanism.
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