Q1. Consider the following statements about Kyoto mechanisms: 1. The Kyoto Protocol established flexible market mechanisms based on the trade of emissions permits. 2. International Emissions Trading, Clean Development Mechanism and Joint Implementation are listed among the Kyoto market-based mechanisms. 3. Under the Kyoto Protocol, countries could meet targets only through national measures and no additional mechanism was offered. Which of the statements given above are correct?
Explanation
Statements 1 and 2 are correct. UNFCCC lists three market-based mechanisms under Kyoto. Statement 3 is incorrect because the Protocol also offered these mechanisms as additional means to meet targets.
