CIEL proposed an alternative to the Kyoto Protocol’s Cap and Trade System for developing countries at the 9th Conference of the Parties to the Climate Convention, 1-12 December 2003 in Milan, Italy.
December 2003 Summary The Kyoto Protocol is based on a system for reducing greenhouse gas (GHG) emissions called cap-and-trade. Cap-and-trade establishes emissions budgets for all participating countries and allows them to trade parts of their budgets with other participating countries. Under Kyoto rules, trading can occur at the governmental level or between private entities. Cap-and-trade … Read More.