The California Cap-and-Trade Program is a market-based approach to reducing greenhouse gas emissions in the state. Under this program, the state of California sets a limit, or cap, on the amount of greenhouse gases that can be emitted by the largest emitters in the state, such as power plants and industrial facilities. These emitters must […]
The Clean Development Mechanism (CDM) is a mechanism established under the United Nations Framework Convention on Climate Change (UNFCCC) to help developing countries reduce their greenhouse gas emissions and to assist developed countries in meeting their emission reduction targets. The CDM allows developing countries to undertake emissions-reducing projects and to earn certified emission reduction (CER) […]
The Paris Agreement is an international treaty that was signed in 2015 to address the issue of climate change. It is an extension of the United Nations Framework Convention on Climate Change (UNFCCC), which was signed in 1992 and sets out a framework for addressing the issue of climate change. Under the Paris Agreement, countries […]