Carbon Emission Trade
An exchange of credits between nations designed to reduce emissions of carbon dioxide. The carbon trade allows countries that have higher carbon emissions to purchase the right to release more carbon dioxide into the atmosphere from countries that have lower carbon emissions. The carbon trade originated with the 1997 Kyoto Protocol and is intended to reduce overall carbon dioxide emissions to 5% below 1990 levels between 2008 and 2012.
CHINA IS THE LARGEST CARBON GAS EMITER IN THE WORLD.
CHINA IS THE LARGEST CARBON GAS EMITER IN THE WORLD.
Categories:
GS,
International Relations
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