Results for tag: "Kyoto Protocol"

The Kyoto Protocol is an international agreement that sets binding targets for countries to reduce their greenhouse gas emissions. It was adopted in 1997 and entered into force in 2005. The Protocol established a carbon emissions and capture market, which allows countries to buy and sell emissions credits. This market is based on the principle of emissions trading, which allows countries to meet their emissions targets by buying or selling credits. The Kyoto Protocol market is composed of a variety of companies, including energy producers, carbon brokers, and carbon offset providers. Energy producers are responsible for reducing their emissions and may purchase credits from other countries to meet their targets. Carbon brokers facilitate the buying and selling of credits, while carbon offset providers offer services to help companies reduce their emissions. Companies in the Kyoto Protocol market include Shell, BP, and Chevron, as well as a number of smaller companies. Show Less Read more