Translations:Climate change mitigation/167/en

The Kyoto Protocol to the UNFCCC adopted in 1997 set out legally binding emission reduction commitments for the "Annex 1" countries. The Protocol defined three international policy instruments ("Flexibility Mechanisms") which could be used by the Annex 1 countries to meet their emission reduction commitments. According to Bashmakov, use of these instruments could significantly reduce the costs for Annex 1 countries in meeting their emission reduction commitments.