Clean development mechanism (CDM) Vs Carbon trading Vs Joint implementation (JI) in Kyoto protocol

Imagine you're on a team trying to reduce greenhouse gas emissions and save the planet from climate change. There are two main strategies you can use: the Clean Development Mechanism (CDM) and carbon trading.

CDM is like the clean-up crew. It helps developing countries reduce their emissions by implementing clean energy projects and technologies. Think of it as planting trees, building wind farms, and using energy-efficient light bulbs. It's all about finding ways to reduce emissions while still meeting the country's needs.

On the other hand, carbon trading is like a game of Monopoly. Countries with high emissions (we'll call them "rich countries") can buy "carbon credits" from countries with lower emissions (we'll call them "poor countries"). These credits act like little pieces of paper that say "Hey, we reduced our emissions by this much, you can use that reduction to offset your own emissions." It's like buying a "Get Out of Jail Free" card in Monopoly.

So, while CDM is all about finding ways to reduce emissions and help developing countries, carbon trading is more about using a market-based approach to balance out emissions between rich and poor countries. Both strategies have their pros and cons, and it's up to the team to decide which one is the best fit for their goals.

Imagine you are a country trying to reduce your greenhouse gas emissions. You know that you need to make some changes, but you just can't seem to figure out how to make those changes on your own. That's where joint implementation comes in!

Joint implementation is a way for countries to work together to reduce emissions. Essentially, one country can help another country make changes that will reduce their emissions, and in return, the first country gets credit for those emissions reductions. It's like a buddy system for reducing emissions!

Emission reduction units, or ERUs, are like little badges of honor for countries that have successfully reduced their emissions. These units can be traded between countries, so if one country has more ERUs than they need, they can sell them to another country that might need a little help meeting their emissions reduction goals.

So, in short, joint implementation and ERUs are like a team effort to help the world reduce greenhouse gas emissions and fight climate change. It's a win-win situation - countries get to work together and share their knowledge and resources, and the planet gets a little bit of a break from all of those harmful emissions!