As one of the methods of enhancing efficiency of greenhouse gases (GHG) mitigation, PA employed cooperative mechanisms including carbon markets, a post 2020 successor to the carbon market under the Kyoto Protocol (KP). Installations in the developed world were allowed to fulfill up to 10% of their reduction targets through the carbon market. It would be great to briefly acquaint readers with what the carbon market looked under the KP so that it becomes easier to grasp the future. An unreasonably high unconditional pledge therefore lowers the rightful advantage from the carbon market and other sources. With flexibility, the carbon market can spur millions of quality jobs and bring hard currency.

Source: Ethiopian News December 20, 2018 13:41 UTC