Greenhouse Gases and The Carbon Pollution Reduction Scheme
What is the Kyoto Protocol all about? Flexibility mechanisms – Protocol requires countries to meet their targets primarily through domestic action.
Flexibility mechanisms – Protocol requires countries to meet their targets primarily through domestic action. However, to supplement domestic action the Kyoto Protocol establishes three ‘flexibility mechanisms’
1) The Clean Development Mechanism (CDM) – Developed countries undertake projects to reduce emissions in developing countries and to receive emissions credits in return
2) Joint Implementation (JI) – Developed countries to undertake projects to reduce emissions in other developed countries.
3) International Emissions Trading – Developed countries that emit less than their targets to sell their surplus credits (Assigned Amount Units AAU) to countries that have not met their targets.
a) Domestic Emissions Trading Schemes may also be established by national governments
4) The Kyoto Protocol requires each developed country to establish a national registry system
Carbon pollution reduction scheme
Scope 1: The release of greenhouse gas into the atmosphere as a direct result of an activity or series of activities (including ancillary activities) that constitute a facility.
Scope 2: The release of greenhouse gas as a result of one or more activities that generate electricity, heating, cooling or steam that is consumed by the facility but that do not form part of the facility.
Scope 3: Emissions that occur outside the boundary of a facility as a result of activities at a facility and are not scope 2 emissions
Scope 1 and 2 are mandatory to report under NGERS, while scope 3 is not mandatory to report under NGERS.
The different Kyoto greenhouse gases include CO2, SFs, CH4, N2O, HFCs, PFCs
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