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How to Work International Emissions Trading Under the Kyoto Protocol
John M Queen is a specialist in climate change and experts in the fields of law, finance, business strategy, project development and policy advice. He completed his graduation as BA in Economics from Cornell University and law at the University of Pennsylvania. He was the first lawyer from Latham and Watkins and later as a licensed broker with John Hancock before finally entering the field of climate change. An amendment to the United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol obliges each of the 37 participants “Annex 1″ countries in meeting predetermined targets for reducing emissions of greenhouse gases (GHG).
John M Queen pointed out that one of the three flexible mechanisms of Kyoto Protocol based on the market as international emissions trading, Clean Development Mechanism and Joint Implementation projects. He helps to participating countries to achieve this goal by providing two of the three flexibility mechanisms as the application of Emissions Trading and Joint Implementation. Each Annex 1 country works under the Kyoto Protocol for the five years since the beginning of 2008 until late 2012, all emissions trading of greenhouse gases as low as 5% below its 1990 level. The global target level of a country is expressed in trading emissions levels and a numbers of the GHG that are divided into units (AAUs), each equivalent have CO2 UCA. Although each participating country is assigned a cap for permissible emissions and published a series of UCA said John M Queen, which is consumption varies from country to country.
