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:
“We will not be imposed upon by this vast application of forces. We believe that most things will have to be accomplished still by the application called Industry. We are rather pleased, after all, to consider the small private, but both constant and accumulated, force which stands behind every spade in the field. This it is that makes the valleys shine, and the deserts really bloom.”
—Henry David Thoreau (1817–1862)
“I conceive that the leading characteristic of the nineteenth century has been the rapid growth of the scientific spirit, the consequent application of scientific methods of investigation to all the problems with which the human mind is occupied, and the correlative rejection of traditional beliefs which have proved their incompetence to bear such investigation.”
—Thomas Henry Huxley (1825–95)
“It is known that Whistler when asked how long it took him to paint one of his “nocturnes” answered: “All of my life.” With the same rigor he could have said that all of the centuries that preceded the moment when he painted were necessary. From that correct application of the law of causality it follows that the slightest event presupposes the inconceivable universe and, conversely, that the universe needs even the slightest of events.”
—Jorge Luis Borges (1899–1986)