PPT Slide
Tradable Emissions Permits
- emissions reduction units to be reassignable as part of an international system of tradable permits by developed countries
- acquisition of such units shall be supplemental to domestic actions to meet commitments
- emission reduction units to be bankable from one commitment period to the next
- the COP will define the methods used for the permits trading system
Notes:
emissions reduction units to be reassignable, bought and sold in the marketplace