Discussion
The concept of carbon trading initiated during the ............................ International treaty.
Answer: A
Carbon trading was initiated under the Kyoto Protocol.
The Kyoto Protocol of 1997 created three market-based mechanisms: international emissions trading, the Clean Development Mechanism and Joint Implementation. Emissions trading allowed countries with spare emission units to sell them to countries over their targets, creating the international market in carbon credits.
The Brundtland Commission (1987) defined sustainable development, Agenda 21 (1992) was the Rio action plan, and the Paris Agreement (2015) came long after carbon trading began, though it carries such mechanisms forward.
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