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Question

Kyoto Protocol of 1997 introduced the concept of carbon trading in the year of

The correct answer is
2002

Kyoto Protocol and Carbon Trading Introduction

The Kyoto Protocol, adopted in 1997, is an international treaty focused on reducing greenhouse gas emissions.

Central to its mechanisms was the introduction of market-based approaches. Article 17 of the Protocol formally established the framework for Emissions Trading, which is the basis for carbon trading.

Key milestones include:

  • 1997: Adoption of the Kyoto Protocol, which included Article 17 establishing the carbon trading framework.
  • 2001: The Protocol entered into force (February 2001). The Marrakech Accords (November 2001) finalized the detailed rules and modalities for implementing the Protocol's mechanisms, including Emissions Trading.

While the concept originated with the Protocol's adoption in 1997 and rules were finalized in 2001, the year 2002 is associated with the further establishment and steps towards the operationalization of the carbon trading concept within the Kyoto Protocol's framework, following its entry into force.

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