Application
Article 17 of the Kyoto Protocol allows emissions trading between Annex B Parties (countries). Parties that have "assigned amount units" to spare because of reductions in emissions below their Kyoto commitment set out in Article 3 and Annex B may sell those units to countries that have emissions exceeding their targets. Article 17 also requires that any such emissions trading shall be supplemental to domestic action for the purpose of meeting quantified emission limitation and reduction commitments (QELRCs).
Read more about this topic: Assigned Amount Units
Famous quotes containing the word application:
“The application requisite to the duties of the office I hold [governor of Virginia] is so excessive, and the execution of them after all so imperfect, that I have determined to retire from it at the close of the present campaign.”
—Thomas Jefferson (1743–1826)
“The receipt to make a speaker, and an applauded one too, is short and easy.—Take of common sense quantum sufficit, add a little application to the rules and orders of the House, throw obvious thoughts in a new light, and make up the whole with a large quantity of purity, correctness, and elegancy of style.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“May my application so close
To so endless a repetition
Not make me tired and morose
And resentful of man’s condition.”
—Robert Frost (1874–1963)