ns.
             The Kyoto Protocol also introduced three market-based mechanism that involve transferring emissions credits to help developed countries meet their targets for reducing their GHG emissions. Those instruments are " The Clean Development Mechanism (CDM)", "Joint Implementation (JI)" & " International Emission Trading"
              Clean Development Mechanism:
             - This refers to climate change mitigation or reduction projects undertaken between Annex 1 counties (states that have signed the Convention in 1992 and are part of the original list-Annex 1 list of the Convention) and non-Annex-1 countries (they are the developing countries and Third World countries).
             - This refers to climate change mitigation or reduction projects undertaken between two Annex-1 countries. It "allows for the creation, acquisition and transfer of emission reduction units (ERUs)" . With joint implementation, these countries have the choice to implement policies and measures
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