December 2015
Intermediate to advanced
313 pages
16h 2m
English
Content preview from International Business, 2nd Edition by Pearson
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274 International Business
combined emissions of Australia, Germany and the UK. More than 1,230 CDM projects have been reg-
istered as of November 2008, with around 4,200 more in the project pipeline.
International Emissions Trading
As per the provisions of the Protocol, each industrialized country has a certain number of emission
allowances (the amount of CO
2
it can emit) in line with its Kyoto reduction targets. If a country’s GHG
emissions are below their emission allowances (that is, meeting Kyoto targets) they can sell these allow-
ances to other industrialized countries that are emitting more than the allowance and not meeting their
K
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