2]e credits purchased by Japanese entities so far account for around half of the expected shortfall for Japan (use of Kyoto Mechanisms
by the Government and share of the burden borne by the private sector).
We will soon have a Kyoto Mechanisms
Office, a Carbon Trust and a Sustainable Development Commission.
Earlier this year, Knollenberg attached language to a number of federal spending bills that stated in part, "Hereafter, no funds shall be used for the Kyoto Protocol, including such Kyoto mechanisms
as carbon emissions trading and the clean development mechanism that are found solely in the Kyoto Protocol and nowhere else in the laws of the United States.
As to the Kyoto Mechanisms
and other rules established by the Kyoto Protocol besides the numerical targets, however, Japan should prepare a proposal for incorporating them into the "reinforced COP resolution", together with other mechanisms such as the bilateral crediting system.
The problem results from the economic crisis (decline in industrial activity) and the abundant use of international credits obtained in exchange for green investments in the developing countries or transition economies under the Kyoto mechanisms
Among firms that have introduced/ will introduce Kyoto mechanisms
The Kyoto mechanisms
, including emissions trading, would allow countries meet part of their emission reduction targets with cuts made in other countries.
The Council also stresses the need for alternative financing, particularly in the private sector, and the important role of the carbon market and Kyoto mechanisms
in this respect.
Kawaguchi said negotiations at the COP7 are not going smoothly due to differences over rules for the so-called Kyoto Mechanisms
, which will enable a country to fulfill part of its emissions limitation commitment by purchasing emissions reductions from other countries.
Since 2008, companies can recover part of their green' investments abroad in the form of emissions credits under the Kyoto mechanisms