Loading AI tools
An assigned amount unit was a tradable "Kyoto unit" or "carbon credit" representing an allowance to emit greenhouse gases comprising "one metric tonne of carbon dioxide equivalent, calculated using global warming potentials".[1][2] Assigned amount units were issued up to the level of initial "assigned amount" of an Annex 1 Party to the Kyoto Protocol.[3][4]
The "assigned amounts" were the Kyoto Protocol Annex B emission targets (or "quantified emission limitation and reduction objectives") expressed as levels of allowed emissions over the 2008–2012 commitment period.[5]
Article 17 of the Kyoto Protocol allowed emissions trading between Annex B Parties (countries). Parties that had "assigned amount units" to spare because of reductions in emissions below their Kyoto commitment set out in Article 3 and Annex B could sell those units to countries that had emissions exceeding their targets.[6] Article 17 also required that any such emissions trading must be supplemental to domestic action for the purpose of meeting quantified emission limitation and reduction commitments.
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
