With the inclusion of Article 4 into the Kyoto Protocol, the European Union achieved one of its major goals: the possibility to “bubble”. In combination with Article 3.1, Article 4 allows any group of Parties to jointly fulfil their commitments under the Protocol. It specifies that the combined assigned amounts in Annex B may be redistributed through internal agreement and notified to the Secretariat.
KeywordsMember State Kyoto Protocol Emission Trading Emission Allowance Emission Trading System
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