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Consider the following statements:
1) Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocol Mechanisms.
2) Under the CDM, the projects handled pertain only to the Annex-I countries.
Which of the statements given above is/are correct?
1) Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocol Mechanisms.
2) Under the CDM, the projects handled pertain only to the Annex-I countries.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements:1) Clean Development Mechanism (CDM)...
Explanation: CDM allows an industrialized/developed country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (called as Annex I Party or Annex B Party of the original Kyoto Protocol signed in 1997) to implement an emission-reduction project in any of those developing countries (which may otherwise be not financially capable of undertaking such projects), thereby earning them tradable Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO2. The saleable CERs earned from such projects can be counted towards meeting the prescribed Kyoto targets. Statement 1 is correct.
There is no hard and fast rule that only Annex I countries can resort to CDM, even non Annex I countries can go for CDM as well.
Educational Objective: Test the candidates awareness of basic understanding of Clean Development Mechanism.
There is no hard and fast rule that only Annex I countries can resort to CDM, even non Annex I countries can go for CDM as well.
Educational Objective: Test the candidates awareness of basic understanding of Clean Development Mechanism.
Most Upvoted Answer
Consider the following statements:1) Clean Development Mechanism (CDM)...
Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocol Mechanisms. The Kyoto Protocol is an international treaty that was adopted in 1997 and came into force in 2005. It is aimed at reducing greenhouse gas emissions that contribute to climate change.
Statement 1: Correct
The Clean Development Mechanism (CDM) is one of the three Kyoto Protocol Mechanisms, the other two being Joint Implementation (JI) and International Emissions Trading (IET). CDM allows developed countries to invest in emission reduction projects in developing countries and receive carbon credits in return. The carbon credits can be used by developed countries to meet their emission reduction targets under the Kyoto Protocol.
Statement 2: Incorrect
Under the CDM, the projects handled pertain to both Annex-I (developed) and non-Annex-I (developing) countries. The CDM allows developed countries to invest in emission reduction projects in developing countries, which can generate certified emission reductions (CERs). These CERs can be used by developed countries to meet their emission reduction targets under the Kyoto Protocol. The CDM projects can be related to renewable energy, energy efficiency, and other sustainable development initiatives.
Therefore, the correct answer is option 'A'.
Statement 1: Correct
The Clean Development Mechanism (CDM) is one of the three Kyoto Protocol Mechanisms, the other two being Joint Implementation (JI) and International Emissions Trading (IET). CDM allows developed countries to invest in emission reduction projects in developing countries and receive carbon credits in return. The carbon credits can be used by developed countries to meet their emission reduction targets under the Kyoto Protocol.
Statement 2: Incorrect
Under the CDM, the projects handled pertain to both Annex-I (developed) and non-Annex-I (developing) countries. The CDM allows developed countries to invest in emission reduction projects in developing countries, which can generate certified emission reductions (CERs). These CERs can be used by developed countries to meet their emission reduction targets under the Kyoto Protocol. The CDM projects can be related to renewable energy, energy efficiency, and other sustainable development initiatives.
Therefore, the correct answer is option 'A'.
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Consider the following statements:1) Clean Development Mechanism (CDM) in respect of carbon credits is one of the Kyoto Protocol Mechanisms.2) Under the CDM, the projects handled pertain only to the Annex-I countries.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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